Iran’s auto production in the Iranian year 1399 (March 21, 2020-March 20, 2021) stood at 900,714 units, up by 4.33pc from the preceding year, according to local media reports citing data released on the Iran Securities and Exchange Organization website.
In the one year, Iran’s leading auto manufacturer Iran Khodro (IKCO)’s output grew by 21.97pc to 480,338 units as compared to the previous year.
During the same period, vehicle producer SAIPA produced 317,321 units, registering a decline of 12.67pc from the prior year.
Auto company Pars Khodro’s auto production during the year fell by 2.84pc to 103,055 units as compared to 106,072 units produced in the preceding year.
In the twelfth month of the Iranian year (Feb 20-Mar 20, 2021), the country’s auto production stood at 83,645 units, up by 132.65pc as compared to the same month in the year before.
Of which, IKCO’s vehicle output fell by 34.43pc to 48,332 units from the prior year, while SAIPA’s auto production stood at 7,586 units, down by 68pc as compared to the same month in the preceding year.
In the twelfth month, Pars Khodro’s production fell slightly by 0.95pc to 9,212 units as compared to the last month of the previous year.
The country had aimed to increase its auto output by 50pc to 1.3mn units by March 2021. However, it could not achieve the target due to alleged mismanagement at auto companies and the pressure of the sanctions imposed by the US.
However, the Iranian government has stepped in to streamline the sector and become self-reliant on auto parts. The current year’s auto output target has been set at 1.25mn units.