Baku, Azerbaijan, July 25
By Emil Ilgar – Trend:
Iran manufactured 420,000 cars during the first four months of current Iranian fiscal year (March 20 to June 21), the Industry, Mine and Trade Minister Mohammad Reza Nematzadeh said July 25.
The figure indicates a rise by 20 percent as compared to the same period of the preceding year.
He added that production of 1.6 million cars is expected for the current fiscal year, which started on March 21, the official website of the Industry, Mine and Trade Ministry reported.
Addressing the opening ceremony of the Kermanshah auto plant, he said the initial production capacity of the plant is 30,000 cars per year, but it would reach 100,000 in future.
Over 1.350 million cars were produced in Iran in the last fiscal year.
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 compared to the preceding 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 2014 production statistics by the OICA indicates that Iran’s car output increased by 46.7 percent and stood at 1.1 million cars.
Iran plans to increase annual auto production level to 3 million cars in next five years.