Production by major automakers up 7% in 11 months yr/yr

March 1, 2022 - 12:21

TEHRAN - Three major Iranian carmakers, namely Iran Khodro Company (IKCO), SAIPA Group, and Pars Khodro, manufactured 828,698 vehicles during the first 11 months of the current Iranian calendar year (March 21, 2021-February 19, 2022), up 7.3 percent compared to the figure for the previous year’s same period.

According to the Codal website, during the said 11 months, IKCO manufactured 429,823 vehicles, which was 0.5 percent less than the output in the same period of the previous year.

During this period, this industrial group was able to produce 288,842 vehicles in the Peugeot group, 46,527 vehicles in the Samand group, 46,399 Dena vehicles, 33,287 Rana vehicles, and 7,951 Tara vehicles.

SAIPA manufactured 293,462 vehicles in the mentioned period. Production by this automaker rose 0.7 percent in comparison to the previous year’s same time span.

Pars Khodro also manufactured 105,413 vehicles in the period under review, 12.7 percent more than the output in the first 11 months of the past year.

Back in January, Industry, Mining, and Trade Minister Reza Fatemi-Amin announced the implementation of a two-year plan for the auto industry based on which this industry will undergo serious changes and improve significantly.

Stating that nine transformation projects have been prepared for the automobile industry, Fatemi-Amin said: "The general plan is that in [the Iranian calendar year] 1401 (begins on March 21) the structure of the automobile industry and the relations between parts manufacturers and automakers will be reformed and the overall promised production target will be achieved in [the Iranian calendar year] 1404 (begins in March 2025)."

Iran’s major carmakers had manufactured 900,714 vehicles in the previous year (ended on March 20, 2021), which was 4.3 percent more than the figure of its preceding year.

According to Codal data, during the past year, IKCO manufactured 480,338 vehicles, which was 21.9 percent more than the output in its preceding year, which was 393,812 vehicles.

SAIPA manufactured 317,321 vehicles, with a 12.6-percent fall from 363,379 vehicles manufactured in 1398. And Pars Khodro manufactured 103,055 vehicles in the past year, showing a 2.8-percent drop from the output of its previous year, which was 106,072 vehicles.

Iranian Industry, Mining, and Trade Ministry’s programs for the current Iranian calendar year show that the manufacturing of 1.2 million cars has been put on the agenda.

EF/MA

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