Iranian President Ebrahim Raisi has banned imposition of higher prices on assembled cars.
Iranian domestic tire manufacturing companies produced 65,353 tons of tires in the first quarter of the current fiscal year (March 21-June 21), IRNA reported.
Iran’s top legislative body has approved a parliament law that allows unlimited imports of brand-new and second-hand cars into the country amid efforts by the government to contain rampant prices of the domestically-produced cars.
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 second largest carmaker Saipa says its first plug-in hybrid electric vehicle (PHEV) will hit the market in the calendar year to late March 2024.
Iranian automotive companies have raised the prices of their products by an average of 29%, according to the CEO of Iran’s second largest carmaker Saipa.
Iranian automotive companies are expected to hit a record target of 1.6 million vehicles in collective output in the calendar year to late March 2024, according to the country’s industries minister.
Iran’s vehicle production hit an all time record high in the calendar year to late March despite a significant reduction in the production of foreign brands under the complete knock down (CKD) arrangement.
Iranian Minister of Industry, Mine, and Trade Reza Fatemi Amin said that Iran and Belarus have signed an agreement for exports of some 45,000 Iranian cars to the country within three years.