Iran’s Ministry of Industry, Mine and Trade announced on Monday it has detailed plans for car imports.
Fulfillment of an Iranian target plan to export as much as $6 billion of auto spare parts by 2025 is achievable, according to an auto spare parts official.
Domestic component manufacturers are exporting car parts to Russian companies and their main goal is to boost this trend, according to the secretary of the Association of Automobile Parts and Assembly Manufacturers.
SAIPA Corporation has signed a memorandum of understanding for the production of economy cars with the Association of Homogeneous Propulsion Industries and Component Manufacturers on the first day of the 17th International Exhibition of Automotive Parts, Accessories and Assemblies.
A major Iranian automaker SAIPA Corporation plans to export 14,000 cars (3,000 QUIK and 11,000 Shahin models) to Iraq and Venezuela.
Major Iranian car manufacturers have seen sales growth over the past months despite U.S. sanctions.
Iranian Deputy Minister of Industry, Mine and Trade Alireza Peymanpak said on Saturday that an Iranian automaker is scheduled to launch a production line in Armenia in a bid to begin exports to the Eurasian Economic Union (EAEU).
Iran’s industry ministry (MIMT) figures show vehicle output in the country rose by 6% in the first half of the year that began in late March compared with the same period in 2021.
Iran’s largest car manufacturer the IKCO has unveiled its first all-electric car for a commercial launch in March 2023.
Major Iranian automaker Iran Khodro Company (IKCO) has begun the exports of two products to neighboring Armenia.