Iran’s top car manufacturers report fall in output
Major Iranian car manufacturers have reported falls in output for the calendar year to late March as they discontinued models and launched electrification programs.
A Monday report by Fars news agency showed that the total production of passenger cars by Iran’s three largest automotive companies had dropped by 2.38% year on year in the calendar year to March 20 to reach 897,627 units.
The report showed that production of passenger cars by the second largest carmaker Saipa had reached 256,971 units in the past calendar year, down from 283,615 units reported in the previous year.
The IKCO, Iran’s largest car manufacturer, churned out 537,429 passenger cars in the year to late March, an increase of 1,793 units from the year before, the report said.
Parsh Khodro also raised its manufacturing of passenger cars by 2,979 units to 103,227 units in the year to late March, the report showed.
That comes as the three companies have decided to discontinue some old models and redesign their production lines to suit their electrification schemes.
However, the figures are well short of the ambitious targets set by the Iranian ministry of industry (MIMT).
MIMT’s estimates released in July last year indicated that total vehicle production in Iran could reach 1.7 million units in the calendar year to late March 2025.
Iranian automotive companies produced 1.335 million vehicles in the calendar year to March 2024, making the country the 16th largest car producer in the world.
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