Iranian vehicle output nearly flat y/y in March-July: Report

Figures by Iran’s ministry of industries (MIMT) show that vehicle output in the country remained nearly stable year on year in the four months to late July.

MIMT figures cited in a Saturday report by the official IRNA agency showed that total vehicle output by the Iranian automotive companies between March 20 and July 22 had reached 295,500, down 1% against the similar period in 2020.

The figures showed that pickup truck output had declined by 11.3% over the period to 22,415 units while bus, minibus and van production had dropped by 1.1% year on year to a total of 538 units.

However, tractor output reached 5,937 units, up 2.4% against March-July last year, said the IRNA report, adding that production of combine harvesters had picked up by nearly 31% over the four-month period to reach 216 units.

Iran steel output up nearly 10% y/y in Jan-July: Report

A report citing WSA figures shows Iran’s steel output reached 17.8 million tons in seven months to July.

The report said that the MIMT had set a target for production of 1.2 million vehicles in the current calendar year ending March 2022. The target, if met, would be nearly a 22% surge against figures recorded at the end of the year to March 2021 when total output reached 984,200 units.

Iran’s newly appointed Minister of Industry, Mines and Trade Seyyed Reza Fatemi Amin said on Saturday that he would implement a two-year plan to transform and modernize the Iranian automotive industry.

Fatemi Amin said that the plan would include efforts to hit an output target of 3 million by 2025 to supply one million vehicles to exports markets.

The minister insisted that the Iranian automotive industry is on course to meet a production target of 1.6 million vehicles in the year to March 2023.

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