Bus production halted in some Iranian companies

Business Materials 7 July 2015 17:53 (UTC +04:00)

Baku, Azerbaijan, July 7

By Umid Niayesh - Trend:

Production was halted in three Iranian bus manufacturers during the 3rd calendar month of the current Iranian fiscal year (May 22-June 21).

Iran produced 41 buses during the period, 50.6 percent less compared to the same month of last fiscal year.

The production at Shahab Khodro, Yavaran Khodro and Akia Duich companies was completely halted in the mentioned period.

Meanwhile the companies produced eight, two and 35 buses respectively during the same period of preceding year (May 22- June 21, 2014).

However, Oghabafshan produced 35 buses in the period, 16.7 percent more year-on-year. Some six buses have been produced in Pishro Diesel Asia Company as well, indicating a fall by 25 percent compared to the same month of preceding year.

Iran produced 100,355 cars in the third month of Khordad(May 22-June 21), 14.2 percent more year-on-year.

Some 262,161 cars have been produced in the country in the first quarter of the current Iranian fiscal year (March 21-June 21), indicating a 16.2 percent increase. The country's total bus output stood at 198 during the period.

Tehran produced more than 1.13 million cars in the past fiscal year (ended on March 21), including 482 buses.

The country produced 989,110 cars in 2012, which made it 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