Iran car production down 51 per cent

Iran Materials 15 May 2013 12:52 (UTC +04:00)

Azerbaijan, Baku, May.15/ Trend R.Zamanov

Iranian car manufacturers produced 25,246 cars in the first calendar month of the current Iranian calendar year (March 21 - April 20), the Asriran News website reported.

The amount shows a 51 per cent decrease compared to the same period last year.

Increasing prices of raw materials and foreign currencies are the main problems that the car manufacturers are faced with.

Iran produced 989,110 cars in 2012 making the country 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 a 40 per cent decrease in 2012. The country was Asia's fifth largest car manufacturer in 2011 with a total output of 1,648,505.

The world's total car production stood at 84,141,209 in 2012 which is 5.3 per cent more than the preceding year.