Iran car output almost flat y/y in H1 fiscal year: Report
A study of production figures by Iranian automotive companies show that car output was flat year on year in the first half of the calendar year starting late March.
The study published by the official IRNA news agency on Saturday said that output by three main Iranian car manufacturers had reached a total of 429, 414 units in the six months to September 22, up 0.87% against similar period in 2020.
Production by largest carmaker Iran Khodro Company (IKCO) reached nearly 206,000 units with models based on an old platform of the French brand Peugeot accounting for nearly 66% of the total output.
IKCO’s output dropped 2.7% compared to March-September 2020, said the report, adding that September output had reached 35,978 units.
However, production rose slightly over the same period at the second largest automotive company Saipa where total output reached 165, 463 units, up 0.53% against the first half of the last calendar year.
Saipa’s exports reached over 1,100 units with 195 complete built units (CBU) and 960 semi-knocked-down (SKD) shipments sent overseas between March and September.
The highest increase in output figures was reported in third largest carmaker Pars Khordo where production topped 58,017 units in the six months to late September, up 17.3 against similar period last year.
The company saw a major boost to output in September with 14, 250 units, said the IRNA report.
Iran’s ministry of industries (MIMT) estimates that car output would top 1.2 million units at the end of the calendar year to late March 2022. The target would be an increase of nearly 22% year on year.
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