Baku, Azerbaijan, Oct. 4
By Fatih Karimov – Trend:
Saipa, Iran’s second biggest automaker, manufactured over 285,000 cars during the first half of the current fiscal year (started March 20).
The figure indicates a rise by 19.8 percent compared to the same period of the preceding year, the company announced Oct. 4.
Saipa’s production plan is materialized by 95 percent, according to the report.
In the meantime, Saipa sold 273,106 cars between March 20 and Sept. 22 bringing in 77,844 billion rials (about $2.3 billion) in revenues, according to a letter the company sent to the Supervision Office of Iran’s Securities and Exchange Organization, which was seen by Trend.
Saipa’s output amounted to 44,000 during the sixth Iranian calendar month (March 20-Sept. 22). The company sold 51,560 vehicles, worth 15,071 billion rials in the period, according to the aforementioned letter.
Iran Khodro (IKCO), the Islamic Republic’s biggest automaker, manufactured 320,154 cars during the first half of the current fiscal year, 14 percent more year-on-year.
Over 1.350 million cars were produced in Iran in the last Iranian fiscal year (ended March 20, 2017).