Other BriefingsIran’s Auto Manufacturing Industry Production Expands 48%
Iran Khodro’s Pininfarina H600 saloon features Italian styling
Iran closing in on French manufacturing volumes in the global auto industry
Iran’s auto manufacturing industry has flown under the radar, however having achieved a significant local base is now expanding rapidly – with an eye on exports.
Auto manufacturing in Iran increased by 48% during the first two months of the current Iranian year (March 21 – May 21, 2023), compared to the same period last Iranian year. During the past two months, a total of 193,437 various vehicles (including passenger cars, pick-ups, buses and minibuses, vans, trucks and trailers and etc.) were produced in Iran, while in the same period of last Iranian year, the figure stood at 117,318. That equates to a total annual production of about 1.2 million vehicles in total. That would place Iran as the world’s fifteenth largest manufacturer, poised to overtake the French with about 1.4 million.
Auto manufacturing is also important for secondary and other smaller businesses, as each vehicle contains about 30,000 parts.
In total, about 1.35 million various vehicles, including passenger cars, pick-ups, heavy trucks and trailers, vans, buses and minibuses, etc. were manufactured in Iran over the last Iranian year (March 21, 2022 through March 20, 2023), – an increase of 39% compared to about 971,000 in preceding year (March 21, 2021 through March 20, 2022).
There are three giant car manufacturing companies – Iran Khodro, Saipa, and Pars Khodro, operating in Iran. By implementing various projects, Iran intends to increase manufacturing in the auto industry and has eyes on exports to the GCC, EAEU and East African markets.
Related Reading
- Iran-Central Asia Multilateral Trade: Development & Prospects
- China’s 2023 Trade and Investment with Iran: Development Trends
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