Iran Khodro car output increases 53 per cent

Business Materials 27 November 2013 13:01 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Rahim Zamanov - Trend:

Iran's giant car manufacturer Iran Khodro produced 1530 cars per day on average in the seventh and eighth calendar months of the current year (September 23 - November 22), the IKCO managing director said on Wednesday.

"The figure shows a 53 per cent increase compared to the average number of produced cars in the first six months of current year (started March 21)," the IRNA News Agency quoted Hashem Yekke Zare as saying.

"IKCO's goal is to reach the average production rate of 1800 cars per day," he added.

"IKCO's production in the eighth calendar month showed a 21 per cent increase compared to the same month of the previous year," Yekke Zare explained, adding that the company's production in the past two months was 23 per cent more than the same time in the preceding year.

He went on to note that IKCO plans to produce 550,000 cars each year.

Iran produced 364,807 cars in the first seven months of the current Iranian calendar year, started March 21, the IRNA News Agency reported.

Some 311,155 sedan cars, 49,365 pickup trucks, 4,038 trucks, 199 buses and 50 minibuses were produced in the country in the same period.

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

The figure shows a 36.5 per cent decrease compared to first half of the previous year, the ISNA News Agency reported.

Iran produced 989,110 cars in 2012 making it Asia's eighth largest car manufacturer.

Iran also stood at the world's 18th place.

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.