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SAIPA accounts for 60% of Iran’s car exports

Business Materials 20 October 2016 20:04 (UTC +04:00)

Baku, Azerbaijan, Oct. 20

By Khalid Kazimov – Trend:

SAIPA, an Iranian leading automaker, has exported $100 million worth of products over the last Iranian calendar year (ended March 20, 2016).

This is while the exports of SAIPA account for over 60 percent of Iran’s car exports over the mentioned year, IRNA news agency reported Oct. 20.

According to the report, Azerbaijan, Iraq, Syria, Venezuela, Ukraine, Afghanistan, Egypt, Algeria, Libya, Senegal, Ghana, Nigeria, Cameroon, Sudan, Djibouti and Ethiopia are among main countries purchasing SAIPA cars.

According to Iranian Ministry of Industry, Mine and Trade’s plans, the country’s annual car output should reach three million by 2025, one third of which is expected to be exported.

Iranian car makers’ total output over the first half of the current Iranian calendar year (started March 20, 2016) stood at 579,776, indicating a 15.6 percent rise year-on-year.

Sedans accounted for 534,402 of the output with a production growth rate of 16.1 percent, while pick-ups output grew by 11.5 percent to hit 38,815.

In the meantime, the country’s bus output increased by 21.2 percent to reach 435 vehicles.

The Iranian car manufacturers also produced 388 minibuses (17.6 percent increase) and 5,736 trucks (1.5 percent increase) during the six-month period.

Iran was the world’s 20th biggest car manufacturer by end of 2015, while the country stood at the 18th place in the first half of 2015 as it manufactured 884,866 sedans and 97,471 commercial vehicles.

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