Car manufacturing in Iran witnessed 2.3 percent growth during the nine months to December 21, 2021, compared to the corresponding figure of last year.
According to data released by the Industry, Mine, and Trade Ministry, Iranian carmakers manufactured 669,320 vehicles in the nine-month period, while the figure was 653,761 in the same period of 2020, IRNA reported.
During the said nine months, IKCO manufactured 325,557 vehicles, which was six percent less than the output in the same period of 2020.
SAIPA manufactured 253,584 vehicles in the mentioned period. Production by this automaker rose 8.14 percent in comparison to the same period of last year.
SAIPA manufactured 31,131 vehicles in the month to December 21, 2021, the figures indicated.
Iranian automakers manufactured 900,714 vehicles in the previous Iranian year (ended on March 20, 2021), which was 4.3 percent more than the figure of its preceding year.
The Iranian Ministry of Industry reported a 19.1 percent surge in car output for the last Iranian year.
The ministry expects output would increase by over 21 percent this Iranian year, to 1.2 million units.
Iran has seen a major boom in its homegrown automotive industry in recent years as major international brands have almost no presence in a market affected by US sanctions.
Experts say the increased output has become possible thanks to growing investment in local manufacturing of auto parts that used to be imported.