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Iran's Saipa records decline in car manufacturing

Business Materials 4 May 2022 10:36 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, May 4. Passenger car manufacturing of Iran’s Saipa Group decreased by 27.8 percent, in the 1st month of the current Iranian year (March 21 through April 20, 2022), compared to the same month last Iranian year, reads the report of information service (codal.ir) under the Securities and Exchange Organization of Iran, Trend reports.

According to the report, the Saipa manufactured a total of 15,443 passenger cars during March 21 through April 20, 2022, while during March 21 through April 20, 2021 the figure stood at 21,394 cars.

So, the company manufactured 11,902 units of Tiba, 1,626 units of Shahin, as well as 1,915 pick-ups within the first month.

Three giant Iranian automakers (Iran Khodro, Saipa, and Pars Khodro) manufactured a total of 45,396 cars in the first month, which is a decrease of 29.3 percent, compared to the same month last Iranian year.

So, these companies had manufactured 64,279 cars in the first month last Iranian year.

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