Three major Iranian carmakers, namely Iran Khodro Company (IKCO), SAIPA Group, and Pars Khodro, manufactured 867,363 vehicles during the previous Iranian calendar year 1400 (ended on March 20), IRNA reported.
According to the data released by the Securities and Exchange Organization’s information portal named Codal, the production by the mentioned companies has declined 3.7 percent compared to the preceding year in which the output stood at 900,794.
During the previous year, IKCO manufactured 451,121 vehicles, which was six percent less than the output in the Iranian calendar year 1399.
In the past year, this industrial group was able to produce 297,817 vehicles in the Peugeot group, 50,095 vehicles in the Samand group, 50,257 Dena vehicles, 35,630 Rana vehicles, 8,647 Haima vehicles, and 8,451 Tara vehicles.
SAIPA manufactured 304,533 vehicles in the mentioned year, registering a 3.4 percent decline in comparison to the figure for the preceding year.
Pars Khodro also manufactured 109,838 vehicles in the period under review, 6.4 percent more than the output in 1399.
Iranian Minister of Industry, Mine, and Trade Reza Fatemi Amin said in Mid-March that there is an annual demand for 1.5 million cars in Iran while the domestic automakers supply only 1 million cars per annum.
The minister noted that “demand is more than supply and the domestic carmakers have not been able to fill this gap. Therefore, we need to import”.
A recent order by President Ebrahim Raisi calls for an increase in domestic output of cars by 50% by the end of the current Iranian year (March 20, 2023).