Baku, Azerbaijan, Sept.6
By Fatih Karimov - Trend:
Iranian carmakers manufactured 76,139 cars in the fifth Iranian calendar month (July 23-August 22).
The figure indicates a 63.6 percent increase compared to the same period of the preceding year, Iran's Mehr news agency said Sept. 6.
The country's passenger car production stood at 65,478 during the period or 70.8 percent more than the same period of previous year.
Iran's automotive industry 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 Jan. 20.
Iran was permitted to import materials for its auto manufacturing sector as a result of the nuclear deal implementation, which led to sharp increase in the country's auto exports in recent months.
Iran exported 10,744 sedans in the last Iranian fiscal year (ended March 20, 2014), with some 4,231 of that amount only exported in the latest Iranian month.
The country exported $27 million worth sedan cars only in the last calendar month which is even more than half of the total yearly export value.
Iran produced 655,551 cars in the first eleven months of last fiscal year.
The country produced 989,110 cars in 2012, becoming Asia's eighth largest car manufacturer.
Iran's automobile output faced a 40 percent decrease in 2012 due to the sanctions.
The country was Asia's 5th largest car manufacturer in 2011, with a total output of 1,648,505.