Iran’s giant carmaker to increase output by 40%

Baku, Azerbaijan, Apr. 27

By Umid Niayesh - Trend:

The output of Iran 's Saipa auto manufacturing company is projected to rise by 40 percent in the current Iranian fiscal year (started March 21), the company's deputy head, Mohammad Ghorbani said.

The company's output stood at 420,000 during the last fiscal year, indicating a 33 percent increase year on year compared to the preceding year.

Saipa plans to produce about 584,000 cars during the current year, Ghorbani said, Iran 's official IRIB news agency reported April 27.

Saipa exported over 23,000 cars in last Iranian calendar month (March 21-April 21), which made the company biggest Iranian car exporter during the period.

Ghorbani forecasts that the company's exports will register a rise by 120 percent in the current Iranian fiscal year, adding Saipa's exports in last fiscal year stood at 123,000 cars. He marked Egypt, Vietnam, Sudan, Ukraine and Russia as the company's target markets for current year.

Iran produced more than 1.13 million cars in the past fiscal year.

Sedan cars output stood at 958,335 in the mentioned period, a 53 percent rise year on year. Iran also produced 150,929 pickup trucks, 20,239 trucks, 482 buses, and 179 minibuses in the 12-month period.

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 in the mentioned year.

The Islamic Republic's automobile output faced a 40 percent decrease in 2012 due to sanctions. The country was Asia 's fifth largest car manufacturer in 2011, with a total output of 1,648,505.

Western countries suspended certain sanctions against Iran as the Geneva nuclear deal came into force on January 20, 2014. Iran was permitted to import materials for its auto-manufacturing sector as a result of the nuclear deal implementation, which led to a sharp increase in the country's auto output.

Edited by CN

Follow the author on Twitter: @UmidNiayesh

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