The Iranian private sector automakers have produced nearly 67,000 vehicles in the first three months of the current calendar year (March 21 – June 21), according to a report by IRNA news agency.
Iran produced some 325,000 cars in the first three months of the current calendar year (March 21 – June 21), according to a senior official with the country’s Ministry of Industry, Mine and Trade (MIMT).
Iran’s largest carmaker the IKCO has reported a record daily output figure amid efforts in the company to improve production processes.
Iran’s leading automotive company says it is reaching a record in annual output in the final days of the current calendar year.
The Ministry of Industry, Mine and Trade (MIMT) says the agreement will stop a capital flight of $85m per year as Tehran moves to cushion the effect of unilateral US sanctions.
Manufacturers of auto parts from Iran and Italy have proposed that through barter system they can have trade exchanges to offset the effects of unilaterla US sanctions.
The Iranian automaker says the initiative is part of its plans to reduce the effect of unilateral US sanctions that have disrupted production lines. It will also help boost production, the group says.
French carmaker PSA Peugeot Citroen says it has signed a final agreement with Iran Khodro to form a joint venture to produce vehicles in Iran.