Iran’s car output rises by 41%

Business Materials 10 May 2015 15:16 (UTC +04:00)

Baku, Azerbaijan, May 10

By Umid Niayesh - Trend:

Some 58,023 cars have been produced in Iran in the first month of the current Iranian fiscal year (March 21-April 21).

The figure indicates 41 percent increase compared to the same month of preceding year, Iran's ISNA news agency reported.

Sedan cars output stood at 54,952 in the mentioned period, 55 percent more year on year.

Iran also produced 2,374 pickup trucks, 56.3 percent less compared to the one-month period of 2014.

Bus production also decreased by 25.9 percent and stood at 40.

Iranian companies produced six minibuses and 651 trucks in the one-month period.

Minibus output witnessed an increase by 20 percent, meanwhile truck production registered a rise of 201.4 percent compared to the first month of last Iranian fiscal year.

Iran produced more than 1.13 million cars in the past fiscal year (ended on March 21).

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.

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. Iran was permitted to import materials for its auto-manufacturing sector as a result of the nuclear deal implementation, which has led to a sharp increase in the country's auto output in recent months.


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