Three major Iranian carmakers, namely Iran Khodro Company (IKCO), SAIPA Group, and Pars Khodro, manufactured 501,635 vehicles during the seven months to October 22, according to figures by the Ministry of Industry, Mine and Trade.
The production by the companies rose 1.1 percent compared to the same period last year which stood at 496,095, IRNA reported.
IKCO manufactured 242,276 vehicles, which was 2.8 percent less than the output in the same time span of the previous year.
IKCO produced 159,061 vehicles in the Peugeot group, 30,794 vehicles in the Samand group, 29,197 Dena vehicles, 16,908 Rana vehicles, 3,245 Haima vehicles, and 2,968 Tara vehicles.
SAIPA manufactured 192,628 vehicles in the said period. Production by this automaker rose 2.2 percent in comparison to the previous year’s same time span in which the output stood at 188,490.
Pars Khodro also manufactured 66,731 vehicles in the period under review, 14.5 percent more than the output in the first seven months of the past year.
Industry, Mine and Trade Minister Seyyed Reza Fatemi Amin has said that his ministry has a two-year plan for the auto industry based on which this industry will undergo serious changes and improve significantly.
“We must strengthen competition, improve management and economic mechanisms, and increase production in the auto industry in order to succeed in our plans,” he said.
"Our plan is to produce 1.6 million vehicles next year (begins in March 2022), which will increase to three million units in [the Iranian calendar year] 1404 (begins in March 2025), and 30 percent of the production, equivalent to about one million units, should be sent to export markets."
Iran’s major carmakers had manufactured 900,714 vehicles in the previous Iranian year (ended on March 20), which was 4.3 percent more than the figure of its preceding year.