In June 2020, the central bank of Iran has set to roll out 2 billion USD to revive the automotive industry from the … Iranian carmaker Saipa says it is planning mass production for an Iranian version of Renault’s Dacia Logan two years after the French automotive company left Iran under pressure from the United States. The Iranian car market grew in 2020 despite the world-wide COVID-19 pandemic, which has impacted sales significantly. Key trends and critical insights into Iran Automotive markets along with key drivers, restraints and growth opportunities are presented in the report. Follow us on Twitter @IrnaEnglish Following the recovery reported between 2014 and 2017, when sales doubled at 1.3 million annual units since 2018 the market approached a new declining pathway. May 2020 update (12 new articles): Now with… The production of trucks reached 39,519 units in the said time span, which has increased by 40.4 percent compared to the last year’s same period. IKCO is an Iranian automaker headquartered in Tehran. 24 (MNA) – Iran Khodro Industrial Group (IKCO) has targeted producing and supplying 600,000 different models of passenger cars and pickups in the current year [started Mar. World Motor Vehicle Production / by manufacturer / by country/region. Saipa CEO Javad Soleimani said on Monday that the Iranian car manufacturer had reached an 85-percent self-sufficiency in production of parts needed for […] 2016 Production. Anhui Jac. IKCO officials said on Friday that the company’s nine-month output will exceed that of the entire calendar year ending March 2020. IKCO said the K132, a sedan based on its Samand model, will enter the market in February as the first car that would rely on Iranian suppliers for parts and design up to 92.5 percent. This article is more than 1 month old. Iran Khodro Co (IKCO), Iranian home-made car Tara December 20, 2020. Iran auto output down 32.5%. BMW. Chery 2010-2020 Data | 2021-2023 Forecast | Historical | Chart | News. Local Car Prices: May 2020. Iran’s capital city is Tehran. However, the production of new vehicles in 2018 in Iran have slightly decreased due to currency crisis and other byproducts of sanctions. Hyundai and Kia are one of the major exporters to Iran. The carmaker said the first version of the car will be equipped with an EC5 engine and a manual transmission, while later models will have automatic transmission and a turbocharged engine. Financial Tribune – During the month ending April 17, Iran’s two major automakers, Iran Khodro and SAIPA, produced 22,998 passenger vehicles, which…. From 1925 to the Iranian Revolution in 1979, Iran used to be equipped with the very latest Western hardware. 2019 - 2020 BMW PRODUCTION - CAR FACTORY PLANT - Bmw Car factory assembly interior, engine, exterior and Final Test. Iran prosecutor says 10 indicted for Ukraine plane shootdown. Car manufacturing in Iran had also risen 21 percent during the first five months of the present year (March 20-August 21). This is a guide RRP price chosen from local media on May 14, 2020. If you are looking for something a little cheaper, then we recommend our previous article about purchasing and Iranian-made car like the plucky Peugeot 206! As a result, the Iranian new car market has spectacularly bounced back since the start of 2020, with production up 25.2% year-on-year to 270.145 at the end of April for the selection of manufacturers that still publish data. Continue May 4, 2020. Iran Coronavirus Recovered at 1675891.00 Persons, Iran Steel Production at 2300.00 Thousand Tonnes, Iran Balance of Trade at -212.00 USD Million, Iran Current Account at -622.00 USD Million, Iran Current Account to GDP at -0.50 percent, Iran GDP Annual Growth Rate at -2.80 percent, Swedish Industrial Output Growth Quickens to 2.4%, Euro Area Construction Activity Returns to Growth, Sweden Household Spending Growth Steadies in February, Italy Construction Sector Growth at Over 14-Year High, French Construction Sector Downturn Smallest in 9 Months, US 10-Year Treasury Yield Below 14-Month Highs, UK Stocks Extend Gains to Over 1-Year High. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Iran’s car production increased by nearly 53 percent year on year during the month to July 21, 2020, said official of Iran’s Ministry of Industry. Iran’s automotive production increased by 7.3% during the nine months to Dec. 20, 2020, compared with the year-ago period. In the first 11 months of the current year (March 21, 2019 - February 19, 2020), Iran's automotive production declined by 12.8 percent.Trend reports citing Fars news agency. Iran’s automotive industry is the third most active industry of the country, after its oil and gas industry, accounting for 10% of Iran's GDP and 4% of the workforce (700,000 person). Publish your articles and forecasts in our website. On fuel efficiency, the model will be equipped with Euro-5 emission-control technology and its average consumption will be 6.7 liters per 100 kilometers, according to the company. For a voyage through the current Iranian car landscape, make sure to view our 2019 Series Exploring Iran in a Peugeot Pars. Economy Iran Middle East Technology Iran to begin mass production for first fully homemade car in February 2021 The Iran Khodro Company (IKCO), the largest carmaker in Iran, says mass production for its fully homemade car will begin early next year amid efforts to make the automotive industry in the country less vulnerable to foreign sanctions. Direct access to our calendar releases and historical data. Changfeng. IKCO manufactures vehicles, including Samand, Peugeot, and Renault cars, and trucks, minibusses, and buses. Byd. Orderform_Automotive_Report_Iran_2020. Market outlook IKCO said in May 2020 that mass production of its fully homemade cars will begin early this year amid efforts to make the automotive industry in the country less vulnerable to foreign sanctions. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Iran Khodro sets up production line for Peugeot cars To counter challenges thrown up by US sanctions, the automaker will source 60% of the necessary auto parts locally. 21, 2020] as named after ‘Surge in Production” by the Leader of the Islamic Revolution. Download historical data for 20 million indicators using your browser. Baic. Carmakers around the world have reported historic plunges in output as the pandemic has caused factories and dealerships to close in many countries. Its car industry, comprised of companies such as the Bahman Group, Iran Khodro and Saipa, ranks 13 th in the world for total production … Iran Khodro sets up production line for Peugeot cars To counter challenges thrown up by US sanctions, the automaker will source 60% of the necessary auto parts locally. According to the data, during the past year, IKCO manufactured 480,338 vehicles, which was 21.9 percent more than the output in its preceding year, that was 393,812 vehicles, IRNA reported. Advertising contact us By country/region and type / passenger cars / light commercial vehicles / heavy trucks / buses and coaches . Iran’s automotive production increased by 7.3% during the nine months to Dec. 20, 2020, compared with the year-ago period. Car Production in Iran decreased to 863263 Units in 2020 from 955923 Units in 2019. Car Production in Iran averaged 1050078.55 Units from 2010 until 2020, reaching an all time high of 1535756 Units in 2018 and a record low of 624749 Units in 2014. Iran is the Middle East’s biggest car producer. Accessed on June 13, 2020 International Trade Centre, Trade Map: Iran export data. Now, another local … SAIPA manufactured 317,321 vehicles, with a 12.6 percent fall from 363,379 vehicles manufactured in the year to March 19, 2020. The company's original name was Iran National. By manufacturer, make and country/region. This page provides - Iran Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. 2020-03-24 19:31 UK car production in 2020 slumped to lowest level since 1984. It was founded in 1962 and produced 188,223 cars in the first five months of this year (2020). Changan. The most recent imports of Iran are led by Rice ($1.47B), Corn ($1.42B), Broadcasting Equipment ($1.38B), Soybean Meal ($853M), and Soybeans ($788M TEHRAN, Mar. In 2019 Iran imported $34.9B, making it the number 63 trade destination in the world. The Trading Economics Application Programming Interface (API) provides direct access to our data. Slight Increase in Auto Output. 3266**2050. Further, Iran vehicle production is … January 04,2021. Iran passenger car markets and Iran commercial vehicle markets are analyzed and forecast to 2026. Iran’s 11-month car production tops 817,000, Iran’s car production expected to rise 50%: Minister, Iran’s 10-month car production tops 730,000, Iran’s nine-month car production hits 625,300 units, Iran’s eight-month car manufacturing up 27.3%, Iran to produce over 1.3m cars next year despite sanctions: Deputy minister, Iran’s eight-month car production nears 567,000: Report, Iran’s six-month vehicle production tops 468,000: Report, Iran’s five-month car production up by over 18%: Report, Zarif: Iran, Kazakhstan enjoy common goals on regional stability, Tehran under two-week restrictions to curb new COVID surge, Serbian official: Belgrade-Tehran ties longstanding, friendly, Iran nuclear chief: Enrichment capacity hits 16,500 SWUs, Iran FM highlights ample grounds for cooperation among D-8 states, Iran, Kazakhstan sign agreement to reinforce cooperation, Ministry: Daily coronavirus cases skyrocket to some 21,000, over 250 cities coded red, Rouhani: Vienna meeting opens 'new chapter' to save nuclear deal, Iran to investigate cause of vessel blast in Red Sea, IMF latest estimate: Iran achieved positive economic growth in 2020, Creative Commons Attribution 4.0 International License. Crude Oil Production in Iran averaged 3495.36 BBL/D/1K from 1973 until 2021, reaching an all time high of 6677 BBL/D/1K in November of 1976 and a record low of 510 BBL/D/1K in October of 1980. The increase in production means the Iranian car industry is recovering from months of recession that came because of lower demand and closures due to the coronavirus pandemic. IKCO said in May 2020 that mass production of its fully homemade cars will begin early this year amid efforts to make the automotive industry in the country less vulnerable to foreign sanctions. During the last five reported years the imports of Iran changed by -$40.9B from $75.9B in 2014 to $34.9B in 2019. Crude Oil Production in Iran increased to 2120 BBL/D/1K in February from 2085 BBL/D/1K in January of 2021. Table of Content Report Iranian Automotive Market, 2014 – 2020 (Content of page, page number) ... 2020, 11 Passenger Car Production by Model 2013, 12 Import of Luxury Cars by Brand 2013, 13 Passenger Car Import 2006 – 2020, 14 The Paykan brought the car to the Iranian masses in the seventies. It said other options on the manual K132 will include power steering, a modern brake system, two front-seat airbags and cruise control. IKCO has also seen its output grow significantly this year as the company moves to reach a record production of 3,000 cars per day. Brilliance. And Pars Khodro manufactured 103,055 vehicles in the past year, showing a 2.8 percent drop from the output of its previous year, which was 106,072 vehicles. Last year, word got out that Iran Khodro Company (IKCO) started production of the Peugeot 301 without PSA’s involvement. Avtovaz. See also Top Middle Eastern Export Countries, Iraq’s Top 10 Exports and Grapes Exports by Country Research Sources: International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Ashok Leyland. July 1st 2019 | Iran … Chengdu Dayun. This post lists all Iran Historical Data articles.