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Iran’s car output exceeds 1.38 million units

Business Materials 11 February 2012 16:46 (UTC +04:00)

Azerbaijan, Baku, Feb. 11/ Trend F.Milad/

Iranian car manufacturers produced over 1.38 million different units for the first ten months of the current calendar year, started on March 21, 2011, Mehr news agency reported.

The figure is 4.6 percent more than that of the same period of last year, the report added.

Iran has developed its domestic car industry for five decades and produced 1.6 million vehicles last year, about half of them made by Iran Khodro which aims to export around 10 percent of its production this year, Reuters reported.

Even with sanctions, which have scared off some suppliers from exporting to Iran, Iran Khodro says that sales increased by 18 percent in 2010 and plans a 13 percent output increase to 860,000 vehicles this year.

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