Iran to host int’l automotive industry conference

Business Materials 13 October 2013 14:30 (UTC +04:00)

Azerbaijan, Baku, Oct.13 / Trend R.Zamanov /

Tehran will host an international conference on automotive industry on November 30.

Giant international manufacturers such as Mercedes Benz, General Motors, Kreisler, Ford, Volkswagen, Fiat, Hyundai, Kia, Daewoo, and Toyota have been invited to take part in the event, the ISNA News Agency reported.

The conference will be held amid speculations about lifting sanctions on Iran's automotive industry.

Iran produced 291,638 cars in the first six months of the current Iranian calendar year, which started on March 21, the ISNA News Agency reported.

The figure shows a 36.5 per cent decrease compared to the first half of the previous year.

Some 247,315 sedan cars, 40,629 pickup trucks, 3,485 trucks, 184 buses, and 25 minibuses were produced in the country in the mentioned period.

Iran exported 1,456 cars in the first five months of the current Iranian calendar year. The figure shows a 94.34 per cent decrease compared to the same period of previous year, the Mehr News Agency reported.

The value of the exported cars was around $11 million which is 92.12 per cent less than in the same time span of last year.

The average price of the exported cars was $7,845.

This means that Iranian cars are by 40 per cent more expensive this year.

By importing 894 cars Iraq was the main destination for Iranian cars. The Arab country accounted for 58.31 per cent of Tehran's total car exports.

Azerbaijan and Ukraine with 15.11 and 10.99 per cent were the other two major importers of Iranian cars.

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 on 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 in the previous year.