Iran’s vehicle production up 16%

Official figures show Iran produced above 260,000 of different kinds of vehicles in the second quarter of 2015, thus registering an increase of 16.2 percent compared to the same period last year.

Above 240,000 vehicles that have been produced over the period were sedans. The figure shows an increase of 26.6 percent compared to the same period last year. Other vehicles included 15,000 pick-ups, 3,000 trucks, about 200 buses and 109 mini-buses.

Among sedans, models such as Peugeot Pars, Pride and Peugeot 405 had the highest production volumes of 37,000, 34,000 and 30,000 units, respectively.

Iran’s total auto output presently stands at 1.4 million cars a year. Many are already expecting this increase by at least 28 percent once the economic sanctions against Iran are lifted in light of the signing of a final deal between Iran and the P5+1 group of countries.

Iran and P5+1 – the five permanent members of the Security Council plus Germany – are currently negotiating over the deal in Vienna. It envisages the removal of certain economic sanctions against Iran in return for the country’s efforts to restrict certain aspects of its nuclear energy activities.

The Business Monitor International (BMI) in a recent survey said the final Iran deal will play a crucial role in the development of Iran’s auto industry.

This, it said, will be materialized through enabling Iranian car manufacturers to have access to foreign producers of auto parts.