...

Official: Iran’s quarterly car output declines by 40 per cent

Business Materials 3 July 2012 13:10 (UTC +04:00)

Azerbaijan, Baku, Jul.3/ Trend F.Milad/

Iran's car output in the first three months of the current Iranian calendar year, which began on March 20, fell by around 40 per cent, a member of the association of Iranian car part makers stated.

Mohammad-Reza Najafimanesh did not refer to any specific figure in this regard, according to the ILNA News Agency.

Iran plans to manufacture at least three million cars by 2025 and export some one million of these, the Fars News Agency quoted Industry, Mine and Trade Minister Mehdi Ghazanfari as saying.

He made the remarks at a ceremony to unveil the second all-Iranian car, named Runna, in Tehran on June 16.

"Some 1.6 million cars were manufactured in the past calendar year and 55,000 were exported," Ghazanfari said.

Iranian car manufacturers produced 1.648 million cars in 2011, making the country number 13 in the world in terms of production; the Fars News Agency quoted a report by the International Organisation of Motor Vehicle Manufacturers as saying.

Latest

Latest