Financial Tribune - Iran Khodro produced 393,812 passenger vehicles during the fiscal year that ended in March, recording an 8.1% year-on-year decline while SAIPA produced 363,379 vehicles, marking a 13.5% YOY drop

I n the last fiscal year that ended in March, 863,263 passenger vehicles were produced in Iran, indicating a 9.6% year-on-year decline.

According to a report published by Iran’s Securities and Exchange Organization on Codal.ir, Iran produced 92,660 fewer cars compared to the year before. No data have been released on commercial vehicle production.

The country’s leading automotive company, Iran Khodro (IKCO), produced 393,812 cars, indicating an 8.1% YOY drop. The figure is 32,012 lower than the previous year’s output.

Besides passenger vehicles, IKCO manufactures commercial vehicles, including vans, pickups, trucks and buses. However, during the period under review, IKCO halted the production lines of several models of commercial vehicles.