Reporting "asre Khoero", Data released by the Industries Ministry show that during the ۱۲ months to March ۲۰, a total of ۸۹۱,۷۸۶ cars were made in the country, ۳۸.۲% lower than ۱,۴۴۲,۵۹۸ units made a year earlier.
Commercial vehicle production also registered a ۳۱.۱% year-on-year decline. During the period, ۶۴,۱۳۷ trucks, buses, minibuses and pickups were produced, significantly lower than the previous year’s ۹۳,۱۵۸ units.
The daily average car production in Iran dropped to ۲,۴۴۳ from ۳,۹۵۲ YOY. The number of commercial vehicles rolling out of Iranian factories per day also dipped to ۱۷۵ from ۲۵۵ in the previous year, Financial Tribune reported.
In the month ending March ۲۰, ۸۲,۲۲۲ cars and commercial vehicles were made in Iran, down ۳۷.۵% YOY.
During the month, ۷۷,۱۶۴ cars were manufactured in Iran, indicating a ۳۸% drop.
IKCO, SAIPA
In the fiscal ۲۰۱۸-۱۹, the country’s leading automotive company Iran Khodro (IKCO) manufactured ۴۲۵,۸۲۴ cars and commercial vehicles, recording a ۴۰.۳% fall in production while the firm's arch-rival SAIPA reported a ۳۷% YOY decline in output by churning out ۴۲۰,۳۲۴ vehicles.
IKCO’s daily output plummeted to ۱,۱۱۶ from ۱,۹۵۳ a year earlier. This is while SAIPA produced ۱,۱۵۱ cars per day, significantly lower than the ۱,۸۲۶ units of the previous year.
In the month ending March ۲۰, IKCO manufactured ۳۸,۵۵۶ vehicles, ۳۴.۱% lower than the ۵۸,۵۰۸ units made during the corresponding period of the previous year.
SAIPA also fared poorly during the month under review, by producing ۳۹,۲۳۹ cars and commercial vehicles, and observing a ۳۶% drop.
Overview
The US unilateral sanctions and pressures on foreign auto partners to end their cooperation with Iran have taken a toll on the key sector.
The economy is facing major challenges, not the least of which is growing US hostility loaded with a variety of restrictions on Iran’s oil, banking, insurance and transportation sectors.
The national currency went into freefall over the past few months and has lost ۶۰% of its value. This has had a major negative impact on the domestic auto companies’ ability to import spare parts and raw materials.
An earlier report released by Organisation Internationale des Constructeurs d’Automobiles shows that Iran’s automotive output suffered its sharpest year-on-year decline in ۲۰۱۸ since the onset of the ۲۱st century.
Local companies produced ۱.۳۴ million cars and commercial vehicles in ۲۰۱۸, marking a ۴۰% YOY decline.
The domestic industry had a bad year in ۲۰۱۲ when car output dropped ۳۹%. However, ۲۰۱۸ was the worst year for the key industry in recent memory. Most market observers and analysts worry that ۲۰۱۹ could be worse.
source:eghtesadonline
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