Iran’s biggest car factory projected to be built

The largest car manufacturing factory in Iran, with a projected annual output of 5 million cars, is projected to be established.
The factory’s output will be higher than the total outputs of the two current main carmakers, namely Iran Khodro and Saipa.

The new factory will produce the first national Iranian car, which will hit the market by March 2015 at an estimated price of 10-12 thousand dollars.

Iran’s vehicle manufacturers are faced with both rising production costs and lacking some details as to how to manufacture cars after the giant international auto companies left Iran because of sanctions aimed to curb the country’s disputed nuclear program.

These include Italian Fiat, German General Motors and its French partner PSA Peugeot Citroen, South Korean Hyundai and the Japanese Toyota Motor Corporation, etc. Iran’s major car producer Iran Khodro which had been a partner of France’s Peugeot since 1989, had to close some production units.

Iranian car manufacturers produced 72,845 vehicles in the 9th month of the current Iranian calendar year (November 21-December 21).

The amount shows 1.5 percent increase compared to its preceding month’s figure of 71,732 vehicles, IRNA reported.