Iran’s vehicle trade has proven important development, with passenger automotive manufacturing exceeding 1.13 million models within the present calendar 12 months, a rise of 6% over the earlier 12 months.
Workers assembling automotive components at an Iranian automotive manufacturing unit (MEHR)
The newest information from Iran’s Automotive Industry Authority reveals that Iran’s automotive trade is displaying indicators of serious development, with passenger automotive manufacturing exceeding 1.13 million models within the present calendar 12 months ending March 19, IRNA reported. Ta.
This represents a rise of 6% in comparison with the identical interval final 12 months.
Mehrdad Khosravi, Director General of the Automotive Industry Department on the Ministry of Industry, Mines and Trade, informed IRNA that pickup truck manufacturing skilled a major surge as nicely, witnessing a 32% improve to 166,000 models throughout the interval.
Furthermore, manufacturing of economic autos corresponding to vans, minibuses, buses, vehicles and trailers elevated by roughly 2% year-on-year to greater than 40,000 models.
Mr. Khosravi highlighted the numerous contribution of the non-public sector to the automotive trade, with roughly 307,000 autos accounting for 23% of whole manufacturing.
In addition to passenger automobiles and industrial autos, manufacturing of bikes has additionally elevated considerably, exceeding 600,000 models this 12 months. This represents a major improve of roughly 28% in comparison with the earlier 12 months’s manufacturing.
difficult sanctions
Despite going through brutal sanctions, Iran has managed to make important achievements in varied industries.
According to the most recent annual report of the European Automobile Manufacturers Association (ACEA), Iranian automotive producers contributed 1.3% to world automotive manufacturing in 2023.
Iran has signed commerce agreements on vehicle exports with varied nations, together with Venezuela.
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