Iran Khodro Group Retains 39% Market Share

Asre Khodro - The total revenue of Iranian auto importers and producers during the first nine months of the current fiscal that ends in March was 391 trillion rials ($10.2 billion), according to a new report.

Sunday 22 January 2017 - 13:55:00

Iran Khodro Group Retains 39% Market Share

Reporting "Asre Khodro", On January 18, the local automotive website, Persian Khodro released a report on Iran’s auto production, imports, and sales.

The report indicates that Iran Khodro, the country’s oldest and largest car maker had a 39% share of the market during the nine month period.

The report said during the nine months to December the majority state-owned company produced 452,000 cars and generated 151 trillion rials ($4 billion).

IKCO was followed by arch-rival, SAIPA, another semi-state  company, with 28% of the market share.

SAIPA produced 224,000 vehicles during the period with total sales and services reaching 108 trillion rials ($2.85 billion).

With total revenues of 86.7 trillion rials ($2.2 billion), car importers are in third place with a 22% share of the local auto market. The report also states that during the nine-month period 49,331 vehicles were imported into the country.

Private auto companies produced 69,000 cars and had 11% share of the market -- in fourth place overall. 

The private firms that mainly assemble Chinese vehicles earned 44 trillion rials ($1.1 billion).

The news website quoted the spokesperson of Iran's Automotive Policymaking Council, Amir Hossein Qanati, as saying that Iran aims to produce 1.3 million vehicles by the end of the current fiscal.

At current rates of production the target does not seem too ambitious.

Iran's car industry was undermined by the international sanctions as both production and sales declined in big numbers during 2012-2014 when the restrictions were tightened.

In those years, the cheapest locally produced vehicles, including  Peugeot Pars, Peugeot 405 and SAIPA Pride had the biggest share of new-car sales.

 

Source: financialtribune.com

برچسب ها

Iran automotive marketIran Automotive IndustryIran KhodroIKCOSaipa
مطالب مرتبط بیشتر
Iran’s Car Industry and the Localization Conjectures Automakers are forced to implement new car standards Removing some price ranges from the car market Renault Lead the Way, Nissan Climb An End to Car Importing Suspension Complete privatization; First Iran Khodro and Saipa after that Major shareholder to transfer Iran Khodro Stock Construction of Chinese-Persian car in Semnan The Renault partnership in Russia changes the investment location in Iran Our aims is to achieve 30% localization France to update firms on doing business with Iran S. Africa-Iran Business Forum Next Week Iran, Turkey to Hold Meeting of Joint Economic Commission Next Month No Cherry-Picking, All Low-Quality Cars Have to Go French Businesses, Officials to Preempt American JCPOA Walkout Lack of Iran Khodro Capital Impedes Peugeot Plans Auto Parts Makers Demand Tougher Regulations on Imports Istanbul Automechanika Conference with the participation of the senior director of the exhibition Details of new rules for importing car to Iran Iran Khodro Hopes to Lure CIS Car Buyers Mercedes-Benz Trucks signs contract with Iran Khodro Iran Khodro to finalize deal for Nissan’s Datsun cars Iran Carmakers and Talk of Regional Buyers European carmakers on the road back to Iran after nuclear deal Car from the new minister's perspective Renault has reached to the top market for imported cars in Iran Iran Khodro Readies New Chinese Crossover Iran is the place for peugeot to jump the platform Iran Khodro's Peugeot 301 Release Edges Closer The auto manufacture has been opened with the presence of Kermanshah governor Launch three new products of IKCo in 1396 Iran Khodro to Offer 4 New Models Iran JV to Launch Peugeot 508 Iran MP Calls for Kia Pride Production Halt Iran Automakers Need Logistical Spread Iran Auto Output: All That Clamor for Naught What Future for Iran Car Market? France’s Peugeot, Total Looking for Stronger Presence in Iran Azeri-IKCO Plant to Open in August French Leverage in Iran Auto Industry Iran Industrial Agency Kicks Starts Another Car Factory Iran Automotive Production Up 20% y/y Iran Auto Firms Target 3m Production Target Iran Khodro Production Comes to Kermanshah IKCO Says Iraq Production Rising With Sanctions Behind, Iran Looks Ahead Iran Carmakers Obliged to Offer 2-Year Guarantees Iran Auto Companies Not Raising Prices Over 13 million cars in use in Iran Peugeot 2008 Production Line Launched in Iran Renault Imports to Iran Increase 110% IRAN - Peugeot Team Tours Tabriz-Based Manufacturers of Car Spare Parts Iran to hit two car industry accords soon VW's Seat considers selling cars in Iran - CEO Iran, Middle East’s largest hub for after-sales service Turkey keen on investment in Iran's auto industry PSA to carry out Iran plans despite US threats Peugeot, Citroen Will Uphold Localization Segment in Iran Iran to Finalize Deal with Renault in Weeks: Minister Iran to release Euro V passenger cars next year Production surges in Iran's car industry Iran stars as Renault powers to record 2016 sales Iran to sign 5 auto deals with intl. companies by Mar. 20 40.9% Jump in Iran Car Production y/y Iran talks with Germany’s VW to produce passenger car Renault Duster May Be Obsolete VW to made CNG cars for Iran Car Import only through Investment China Sending More Car Models to Iran Iran at Baghdad Auto Expo Iran’s Vehicle Initial Quality Study Released Iran has potential to be top-10 auto market by 2020 Renault Sales in Iran Up by 127% in September Iranian, Turkish companies discuss auto parts Coop. The 4th Vehicle Conference "Sales and After-sales Service Approach” Volkswagen and Skoda look into Iran market entry Iran Car Sales Slump Despite Loans Iran’s Auto Import Report by MSD Iran Targets 80% Auto Localization Effects of Automotive Ties With China Iran Khodro Exports 30,000 Cars Renault Looks to Grow Automotive Presence in Iran PSA SAIPA finalise joint-venture in Iran Iran’s Car Market: Heading High or Low? Faurecia builds on Iran ties to secure major deals - CEO Renault signs MoU with Iran to create new joint venture Peugeot targets 150,000 vehicle sales in Iran in second half A positive political environment has helped Iran’s car market Peugeot to try for making Iran its manufacturing hub in Middle East, Africa IKCO, Peugeot manufacturers hold joint meeting in Tehran Iran to ink new deals with foreign automakers Pakistan-Iran cooperation in auto sector discussed Germany’s Bavaria to dispatch trade delegation to Iran on Sept. 4 Iran to open car factory in Azerbaijan Auto Sector Recovery to Buoy Steel Consumption PSA wins second Iran production deal for Citroen brand IKCO, Peugeot to release 1st joint product within months No request to raise the automobile's price is sound Iranian auto maker Saipa to finalize deal with Citroën soon New Automotive Decisions Announced Iran's Automotive Advantages Record Registrations for Groupe Renault in H1 2016 Renault to enter Iran’s car market with 5 new products Friends with many benefits Iran’s Khodro and LG plan to develop electric cars Encouraging foreign investment to revitalize Iran’s car industry - expert Iranian car output down 2.5% Y/Y Algeria-Iran: 15 cooperation and agreements for automotive industry Automotive Targets Highlighted How to seize Iran’s automotive opportunities Renault’s Iranian market share rises 7-fold in post-sanction era Iran Khodro Exports 30,000 Cars VW In Iran Iran ranked 13th in world passenger cars sales of 2015 Bavaria eyes major auto supplier potential with Iran Rouhani vows to privatize Iran’s car industry Plans Devised to Make Iran Region’s Top Automaker: Minister Iran Seeks Foreign Partnerships to Boost Auto Industry Volvo on the Final Decision to Manufacture Car in Chabahar 3rd Iran Automotive Industry Int'l Confab opens in Tehran Iran Inks 3 MoUs with Foreign Carmakers Iran signs three deals with foreign automakers Iran to become a hub for automotive manufacturing: OICA President Iran, Germany Ink MoU to Boost Cooperation in Automotive Industry How Iranian Cars Are Viewed Around the Region Iran Khodro, Fiat to set up joint firm in Iran Peugeot to Compensate for Iran’s Losses in New Contract: Minister Minister Calls for Japanese Automakers’ Investment in Iran Iran seeking Japanese investment in autos, water Iran in Talks with Germany, Italy to Boost Cooperation in Automotive Industry Iran Khodro, Peugeot Reach Preliminary Deal to Produce Cars Three Europe carmakers to return to Iran soon Iran to become world's 8th automotive manufacturer Iran suspends car loan programme on soaring demand Iran Khodro bursts through 10,000 mark in Iraq Iran Khodro begins exports to Algeria; production to follow Iranian carmaker to construct new factory in Oman VW and Skoda reportedly eyeing Iran as sanctions lift Japanese traders seek new opportunities in Iran Iran to export 30% of domestically produced cars Peugeot and Renault in pole position to enter Iran’s car market French firms trail in economic rush to Iran - executive Iran interested in cooperating with German, Italian carmakers Nematzadeh defends automotive sector IKCO, Saipa Seeking $1 Billion in Loans Changing Automotive Perception Iran Opening Up, The New Land Of Opportunity Picking winners in the race to Iran Iranian Engine To Be Mass-Produced Soon Nuclear deal sees IKCO set up company for overseas cooperation Italy to broaden cooperation on auto industry with Iran Iran: The next automotive hotspot in Middle East? Iran important market for European businesses: expert Iran's car market ready to zoom in on the action Japan explores opportunities in Iran's auto industry IKCO, Mercedes-Benz To Sign Cooperation Agreement Thailand hopes for boost in trade with Iran after sanctions get lifted Azerbaijan not impressed by car opportunities of Iran Impact of Iran deal on the automotive market European car makers strives to regain share in Iran's auto market Iran automotive market ‘on edge to take off’
Back to top