Iran’s total auto production in the ninth month (Dec 22, 2020-Jan 19, 2021) of the Iranian calendar stood at 103,677 units, up by 22.2pc from the prior month, according to media reports citing data released by the Securities and Exchange Organization.
In the ninth month, auto manufacturer SAIPA’s auto output grew by 76.7pc to 39,863 units from the eighth month, while Pars Khodro auto production stood at 11,891 units, up by 76.8pc as compared to the previous month. Iran Khodro (IKCO)’s auto production fell by 6pc to 51,923 units in the ninth month compared to the same month year prior.
Auto production in 10 months (Mar-Jan)
Iran’s auto output in the first ten months (Mar 21, 2020-Jan 19, 2021) of the Iranian calendar stood at 706,823 units, up by 0.9pc from the prior-year period.
In the Mar-Jan period, IKCO’s auto production grew by 0.8pc to 312,457 units as compared to 309,833 units produced in the same period the year before. The company’s top produced model was the Peugeot with 219,393 units produced and the second most-produced was the Samand with 44,262 units.
SAIPA’s auto output in the Mar-Jan period stood at 309,735 units, up by 1.28pc from the prior-year period. The company’s highest-produced models were the Pride and Tiba models with a production of 157,437 units and 138,998 units, respectively.
Pars Khodro, a subsidiary of SAIPA, produced 84,631 units, increasing its output by 0.1pc as compared to 84,540 units during the same period in the preceding year.
FY target far-fetched
The auto companies had earlier aimed to increase their auto output by 50pc to 1.3mn units by the end of the current Iranian year (March 20, 2021). However, given the current production rate, the aim seems a little far-fetched as the companies need to produce 590,000 units within two months to reach their target.
The companies are focusing on producing and procuring auto parts locally as the US sanctions have made it difficult to import auto parts from across the globe.
Alleged mismanagement by the companies, the effects of the sanctions by the US, and the ongoing COVID-19 pandemic have derailed Iran’s auto sector. Hence, the government has stepped in to streamline the sector and cut its reliance on foreign resources.