TEHRAN - Iran’s second-largest automaker, Saipa, has reported a six percent decline in the number of passenger cars it has produced in the first 11 months of the current Iranian calendar year (March 21, 2023- February 19, 2024).

In its report to Iran’s Securities and Exchange Organization (SEO), Saipa said that it produced 265,000 sedans during the aforementioned period.

The output shows a six-percent decline compared to the same period last year when the company produced 282,000 vehicles.

According to Mehrdad Khosravi, the director general of the Iranian Industry Ministry's Auto Industry Office, the country’s automakers produced about 1.23 million vehicles in 11 months of the current calendar year.

The carmakers managed to manufacture about 1,230,000 vehicles in the mentioned 11 months which shows a six growth compared to the same period last year.

During the mentioned period, some 1,040,000 passenger vehicles were produced, which shows a six percent growth compared to the 980,000 vehicles produced in the same period last year, he added.

Khosravi stated that in the mentioned period, 152,000 vans were manufactured in the country, which has grown by 34 percent compared to the same period last year.

This official with the Industry, Mining, and Trade Ministry in his remarks added that in 11 months of the current Iranian calendar year, some 34,000 types of heavy vehicles (trucks, mini trucks, and tractors) were produced with a growth of 10 percent.

The reports by the director general of the Iranian Industry Ministry's Auto Industry Office show that in the 11 months of the current Iranian year, some 280,000 cars were produced by the private sector, which shows a 61 percent increase compared to the production of 173,000 cars in the same period last year.

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