Iran reports robust growth in output for sedans, other motor vehicles
The Iranian ministry of industries (MIMT) has reported a robust surge in motor vehicle output in the country in the 10-month period ending January 19.
The ministry released data on Tuesday showing that production in major automotive companies had increased by up to 44.2 percent over the period.
The figures showed sedan output had increased by 13.6 percent to reach 700,800 at the end of the 10th month of the current calendar year.
Pickup truck production was up by 14 percent to reach a total of 68,289 units, said a report by ISNA news agency citing MIMT figures.
The report said production of agricultural vehicles had boomed with combine harvester output increasing by nearly a half, some 44.2 percent, year on year in late January to stand at 519 units while tractor production surged 13.6 percent over the same period to reach 17,713 units.
Production of bus, minibus and van declined by 9.7 percent, however, as output stood at 1,703 units, showed the figures.
Grappling with a raft of economic sanctions imposed by the US in the recent past two years, Iran has increasingly relied on its home-grown automotive industry to respond to a growing demand for vehicles in its domestic market.
A Sunday report by the official IRNA news agency cited MIMT figures showing that the annual sedan output capacity in Iran had reached 2.7 million units at the end of the last calendar year in late March.
The report said sedan production had grown exponentially since the victory of the Islamic Revolution in 1979 when total output capacity was just less than 0.16 million.
That comes as Iranian carmakers have introduced expansion and modernization schemes in the past two years to meet rising output targets and growing sales.
Iran’s largest tractor manufacturing company, located in the northwestern city of Tabriz, unveiled two new models on Tuesday, according to a report by ISNA.
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