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Iran’s car output increases by 64%

Business Materials 5 January 2015 13:58 (UTC +04:00)

Baku, Azerbaijan, Jan. 5

By Umid Niayesh - Trend:

Some 825,389 cars have been produced in Iran in the first nine months of the current Iranian fiscal year (March 21-Dec. 22, 2014).

The figure indicates 64.3 percent increase compared to the same period of preceding year, Iran's industry, mines and trade ministry's official SHATA news portal reported Jan. 5.

Sedan cars output stood at 700,826 in the mentioned period, 64.3 percent more year on year.

Iran also produced 111,362 pickup trucks, 12,732 trucks, 362 buses, and 107 minibuses in the 9-month period.

About 104,729 cars have been produced in Iran in the 9th calendar month of the current Iranian year (Nov. 22-Dec. 22, 2014). The figure is 35.9 percent more compared the same month of preceding year.

Sedan cars output stood at 89,514 in the mentioned month, 36.4 percent more year on year.

Iran also produced 13,555 pickup trucks and 1649 trucks as well as 11 minibuses in the mentioned month.

Tehran produced 989,110 cars in 2012, which made the country 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 on January 20. 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 in recent months.

edited by CN

Follow the author on Twitter: @UmidNiayesh

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