Tehran, April 28: Iran’s Ministry of Industries and Mines says the country’s car production increased by 13 percent in the previous Iranian calendar year (ending March 20).
The Islamic Republic manufactured roughly one million and 350 thousand passenger vehicles in the previous Iranian year, which represents a 13 percent increase compared to the previous year, Fars News Agency reported on Wednesday.
In May 2010, carmaker Saipa inaugurated the largest single manufacturing plant in the Middle East with the capacity of rolling out over 150,000 units per year.
Earlier this month, the Middle East’s auto giant Iran Khodro Company (IKCO) said it plans to manufacturing 850,000 vehicles in the current Iranian calendar year (beginning March 21).
The company began work on a new 100,000-unit production plant in the Iranian province of Semnan in February.
In its five-year future growth prospective, the company envisions reaching an annual manufacturing capacity of 3 million units, with exports of a million units per year, according to a statement released by the company.
——–Agencies