Categories: Hard NewsIndustry

Iran’s car sales up 32%

Saipa has announced a rise in its production and sales in 2014, saying that it has currently two plans in the works to defeat sanctions and increase sales.

Iran’s auto production and sales rose 32 percent in 2014 from the year before as the industry started emerging from sanctions, an official has said.

As many as 1.1 million units were sold in the current Iranian year which ends on March 21, 2015, head of the commerce and sales office of Saipa Co. Mohammad Reza Abbasi said. Iran sold 737,000 cars in 2013 as the industry suffered under sanctions.

Sales however picked up after the Europeans lifted the sanctions on the Iranian auto industry under a temporary nuclear agreement reached in November 2013.

Abbasi said that Saipa saw both production and sales rise by 32 percent in 2014.

Saipa and Iran Khodro account for 82 percent of the country’s auto market.

Abbasi said that Saipa has currently two plans in the works in order to defeat sanctions and increase sales.

He said the automaker will start producing a low-cost car, Saina, in the first half of the new Iranian year. Saipa will also unveil more than 10 models at the next auto show in the central city of Isfahan.

Iran’s auto industry is the biggest in the Middle East. The country produced 1.6 million vehicles in 2011, the year new sanctions were introduced by the Europeans.

Emad Askarieh

Emad Askarieh has worked as a journalist since 2002. The main focus of his work is foreign policy and world diplomacy. He started his career at Iran Front Page Media Group, and is currently serving as the World Editor and the Vice-President for Executive Affairs at the Iran Front Page (IFP) news website.

Recent Posts

Iran signs key agreements during communications minister’s visit to Cuba, Venezuela

Iran’s Minister of Communications Sattar Hashemi has recently concluded a "productive" six-day trip to Cuba…

30 mins ago

Iran’s president says no matter who has won the US  vote

The Iranian President, in his first reaction to Donald Trump's victory in the US presidential…

35 mins ago

Iraq’s FM denies reports Iran planning attack on Israel from Iraqi territory

Iraqi Foreign Minister Fuad Hussein has dismissed reports suggesting that Iran is planning a retaliatory…

4 hours ago

Iran’s Zarif hopes Trump to terminate conflicts as promised during campaign

The strategic deputy to Iranian President Massoud Pezeshkian has reacted to Donald Trump’s return to…

4 hours ago

Israeli Parliament passes law to deport families of Palestinians involved in attacks against settlers

The Knesset (Israel’s parliament) passed a new controversial law Thursday that allows the deportation of…

18 hours ago

Trump’s team seeks postponing Ukraine’s NATO membership for at least 2 decades: Report

One idea within US President-elect Donald Trump's team for ending Russia's war involves delaying Ukraine's…

18 hours ago