EconomyIran

Iran Ups Car Exports by 240%

Exports of Iranian cars have witnessed an eye-catching growth during the first seven months of the current Iranian year (March 20, October 21), a senior Iranian industry official announced on Wednesday.

Iranian Deputy Minister of Industry, Mine and Trade for Industries and Economic Affairs Mohsen Salehinia said that Iran has increased car exports by 240% during the first 7 months of the current year compared with the same period last year.

He stressed Iran’s determination to further boost car exports, and noted that based on the strategy of the car-manufacturing industry, one third of the domestic products should be exported.

Yesterday, Iran’s largest car-manufacturing company, Iran Khodro, announced that it plans to increase its exports to foreign states by 35% and manufacture a total number of 1.5mln passenger cars annually by 2025.

“Based on the plan, at least 35% of Iran Khodro’s products will be exported to the target markets by (the Iranian year of) 1404 (2025) and the annual production will stand at 1.5mln cars by then,” Head of Iran Khodro’s Public Relations and International Affairs Ali Mesrian told reporters in Tehran on Tuesday.

He said that the giant company also plans to export 15% of its products to the global market by 2015.

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