Iran Khodro daily car output hits 1,700 per day

Business Materials 7 August 2013 16:03 (UTC +04:00)

Azerbaijan, Baku, Aug.7/ Trend R.Zamanov

Iran's giant car manufacturer Iran Khodro currently produces 1,700 cars per day, the Company's managing director said on Wednesday.

"The figure shows 42 percent increase compared to previous month's figure of 1,200 cars," the ISNA News Agency quoted Javad Najmoddin as saying.

"The company's output will reach 2,000 in the last week of the current month," he said.

Iran produced 989,110 cars in 2012, which made the country Asia's eighth largest car manufacturer.

Iran also stood at the world's 18th place, the ISNA News Agency reported.

China, Japan, South Korea, India, Thailand, Turkey, and Indonesia were Asia's seven largest car manufacturers.

Iran's automobile output faced 40 per cent decrease in 2012. The country was Asia's 5th largest car manufacturer in 2011, with a total output of 1,648,505.

Increasing prices of raw materials and foreign currencies are the main problems that the car manufacturers are facing with.

The world's total car production stood at 84,141,209 cars in 2012, which is 5.3 per cent more than its preceding year.