Categories: IndustryMedia Wire

40% Increase in Iran’s 9-Month Car Production

The number of four-wheeled motor vehicles manufactured in Iran during the first nine months of the current Iranian calendar year, which started on March 20, shows a 39.1 percent increase compared to the same period last year.

From March 20 to December 20, nearly 950,000 four-wheeled vehicles of various types, including automobiles, buses and trucks, have been produced in Iran.

The figure indicates a 39.1 percent growth in the number of domestically-made vehicles compared to the nine-month period last year.

The total production of sedans in the nine months stood at 881,935, which shows a 40.9 increase compared to the same period in 2015.

Iran’s automotive industry is the second largest in the country after its oil and gas industry, accounting for 10% of the country’s Gross Domestic Product (GDP).

The industry is expected to grow significantly after Iran and six world powers in July 2015 reached a conclusion over the text of a comprehensive deal on Tehran’s nuclear program and started implementing the agreement on January 16.

The nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) terminated all nuclear-related sanctions imposed on Iran.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

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