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Iran’s monthly vehicle output hits 5-year record

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iran’s monthly vehicle output hits a five-year high of over 122,000 units in November.

Figures by Iran’s ministry of industries (MIMT) show vehicle output in the country hit a five-year record of 122,000 in the calendar month to November 21.

MIMT’s head of Vehicle Industries Office Abdollah Tavakoli said on Saturday that output of vehicles in Iran had reached more than 122,000 units in the month to late November.

Tavakoli said the output was an increase of over 30% compared to November last year.

He said Iran’s vehicle output had reached a total of nearly 750,000 units in the eight months to late November, up some 15% compared to March-November 2021.

The official said the pace of vehicle output growth in Iran had accelerated in June after manufacturers decided to speed up the completion of unfinished cars.

Figures by European Automobile Manufacturers' Association (ACEA) published earlier this week showed that car output in Iran had surged by 31.2% year on year in the nine months to September 2022 to reach a total of 949,817 units.

The figures meant Iran was the 10th largest car producer in the world in January-September based on data in ACEA's ranking tables.

Industry analysts say sanctions imposed by the US on Iran in 2018 led to a boom in the country’s car manufacturing sector as automotive companies gradually dominated a domestic market left by major foreign brands.

That comes as sanctions also forced Iranian carmakers to start local manufacturing for parts that they used to import from other countries.

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