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.