Baku, Azerbaijan, March 23
By Umid Niayesh - Trend:
Some 1.147 million cars have been produced in Iran during the last Iranian fiscal year (ended on March 20).
The figure indicates 54 percent increase compared to the preceding year, Iran's industry, mines and trade ministry's official SHATA news portal reported.
Sedan and pickup trucks output stood at 1.126 million in the last fiscal year. Iran also produced 20,679 trucks as well as 580 buses and minibuses in the 12-month period.
The country's giant car manufacturer Iran Khodro(IKCO) produced 616,000 cars during the last Iranian fiscal year, 69 percent more year on year.
The Islamic Republic also exported about 27,000 cars during the period. The figure indicates an increase by 190 percent compared with the preceding year.
Tehran 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 the 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.
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