Iran’s car production surpasses planned figure

Business Materials 24 December 2016 13:15 (UTC +04:00)

Baku, Azerbaijan, Dec. 24

By Fatih Karimov – Trend:

Iran’s car output surpassed the predicted figure during the first nine months of the current Iranian fiscal year (March 20-Dec. 21, 2016), Amir Hossein Qanati, the spokesman of Iran's Auto Policy-Making Council, said.

Some 946,533 cars were produced in Iran in the first nine months of the current Iranian fiscal year, Qanati said, the Iranian Industry, Mine and Trade Ministry’s SHATA news website reported.

The figure indicates a rise by 38.7 percent as compared to the same months of the preceding year, the official said.

The car output is also 0.7 percent more than the set plan, he added.

Sedans accounted for 880,000 of the output with a production growth rate of 40.7 percent, Qanati said.

Iran’s car output reached 982,337 units in 2015, according to the International Organization of Motor Vehicle Manufacturers (OICA). The figure indicated a 9.9-percent fall year-on-year.

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.

The Islamic Republic manufactured 884,866 sedans and 97,471 commercial vehicles in 2015.

The 2014 production statistics by the OICA indicates that Iran’s car production increased by 46.7 percent and stood at 1.1 million cars.

According to the country’s economic development plan, Iranian carmakers are expected to produce three million cars per year by 2025.