Iran’s car output increases by 17%
Baku, Azerbaijan, June 8
By Umid Niayesh - Trend:
Some 161,462 cars have been produced in Iran in the first two months of the current Iranian fiscal year (March 21-May 22).
The figure indicates 17 percent increase compared to the same months of preceding year, Iran's industry, mines and trade ministry's official SHATA news portal reported June 8.
Sedan cars output stood at 150,556 in the mentioned period, 28.4 percent more year on year.
Iran also produced 8,547 pickup trucks, 94 minibuses, 157 buses and 2,572 trucks in the two-month period.
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 in January 2014. 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.
Edited by CN
Follow the author on Twitter: @UmidNiayesh