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Iran to pay $815m to support carmakers

Source: Tehran Times

TEHRAN - The Ministry of Industry, Mines and Trade will pay 10 trillion rials (some $815 million) to Iran's two major carmakers to help them resolve their financial problems.

The ISNA News agency quoted Industry, Mine and Trade Minister Mehdi Ghazanfari as saying that the two carmakers (Iran Khodro and Saipa) are struggling to pay their debts to domestic part makers.

Iran's car output in the first four months of the this year, which began on March 20, fell by 37.4 percent compared to the same period last year.

Iran plans to manufacture at least three million cars by 2025 and export some one million, the Fars News Agency quoted Ghazanfari as saying on June 16.

"Some 1.6 million cars were manufactured last year and 55,000 cars were exported," Ghazanfari said.

Iran exports 21,985 sedans in four months

Source: Press TV

Iranian automobile manufacturers have exported a total of 21,985 sedan to international markets in the first four month of the current Iranian calendar year (started March 20, 2012).

Dena by Iran Khodro (IKCO)

According to data released by the Iranian Customs Administration on Wednesday, the exported vehicles were worth USD 123 million, up by 355-percent compared to the same period of the last Iranian calendar year (ended March 19, 2012).

The data also shows that Iraq, Afghanistan and Ukraine were major customers of Iran-made sedans respectively buying 21,827, 70 and 58 vehicles from Iran.

Iran's automotive industry is the country's second biggest industry after oil and gas industries.

The country is also the largest automaker in the Middle East.

The Iranian manufacturers currently produce different types of vehicles, including sedans, SUVs, trucks, buses, minibuses, and pickup trucks.

Related Story:

Iran auto production plunges by a third - Iran's auto production fell by more than 36 percent over the past three months, the industry ministry was quoted by ISNA news agency as saying on Saturday, citing "lack of money." Production fell to about 241,500 vehicles in the first quarter of the Iranian year (March 21 to June 20), according to the figures. Iran built more than 1.5 million vehicles in 2011/2012. -AFP

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