Iran’s industries ministry (MIMT) says car output in the country rose by 19.1% in the calendar year to March 20 despite closures and reduced activity measures imposed at plants by automotive companies to curb the spread of the coronavirus.
Iran is eyeing the Eurasian market, hoping to produce low-cost cars in countries such as Russia, Iran Khodro Company (IKCO) head of operations in Asia, Europe, America and the Commonwealth of Independent States (CIS) said.
Iran’s three major automakers, namely, Iran Khodro Company (IKCO), SAIPA Group, and Pars Khodro, manufactured 900,714 vehicles in the past Iranian year, ending on March 20, which was 4.3 percent more than the output of its previous year, data released by Codal website showed.
Iranian Industry, Mine, and Trade Minister Alireza Razm-Hosseini said that the country’s automobile production will increase by 50% in the second half of the current Iranian year (September 21, 2020-March 20, 2021) and the prices of cars will decrease.
Iranian carmakers produced 566,844 different types of cars during the first eight months of the current Iranian year (March 20-November 20) indicating a 27.3 percent rise compared to the corresponding figure for last year, according to statistics released by the Ministry of Industry, Mine and Trade.