Iran car output increases by 76 percent
Baku, Azerbaijan, August 3
By Umid Niayesh - Trend:
Over 327,670 cars have been produced in Iran in the first four months of the current fiscal year (March 21 - July 20).
The figure indicates a 75.7 percent increase compared to the same period of the preceding year, Iran's IRIB news agency reported on August 3.
The country's sedan car production stood at 279,739 during the period, 75.2 percent more than the four-month period in previous year.
Iran also produced 44,714 pickup trucks, 3,136 trucks, 63 buses, and 20 minibuses in the mentioned period.
Iran's automotive industry has started to revive thanks to suspended western sanctions on the country's carmakers.
Western countries suspended certain sanctions against Iran as the Geneva nuclear deal came into force on January 20. Iran was permitted to import materials for its auto manufacturing sector as a result of the nuclear deal implementation, which has led to sharp increase in the country's auto exports in recent months.
Iran exported 10,744 sedans during the last Iranian fiscal year (ended on March 20, 2014), with some 4,231 of that amount only exported in the latest Iranian month.
The country exported $27 million of sedan cars only in the last calendar month which is even more than half of the total yearly export value.
Iran produced 655,551cars in the first eleven months of last fiscal year.
The country produced 989,110 cars in 2012, which made it Asia's eighth largest car manufacturer. Iran's automobile output faced a 40 percent decrease in 2012 due to sanctions. The country was Asia's 5th largest car manufacturer in 2011, with a total output of 1,648,505.