Iran’s second largest carmaker Saipa is to start delivering its first PHEV to buyers in Iran by March.

Iran’s second largest automotive company Saipa will deliver 45,000 cars to Russian customers.

Iran’s industries ministry says carmakers will discontinue three well-known models in August.

Residents in Tehran on Tuesday spotted an unusual sight as the first Iranian-made electric car drove through the congested streets of the megacity of some 12 million.

Iranian automakers will produce more than 1.3 million cars next year, marking a 50 percent jump in production in the face of US sanctions, a deputy industry minister says.

When French automakers Peugeot and Renault exited Iran along with other international companies in 2018, the ensuing supply crunch produced a chaos which saw car prices vault to unprecedented highs.

Iranian carmaker Saipa plans local production for its version of Dacia Logan independent of Renault.