Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Iran’s top carmakers produced 496,876 units in the first seven months (Mar 21-Oct 21, 2020) of the Iranian calendar, up by 13pc from the prior-year period, according to media reports citing data released by the Securities and Exchange Organization.


Iran Khodro’s (IKCO) car output in the period increased by 38.6pc to 250,330 units, while SAIPA’s production stood at 188,271 units, down by 8.1pc as compared to the prior-year period. The company is yet to release its output data for the heavy vehicles segment.


SAIPA subsidiary Pars Khodro’s auto production in the seven months stood at 58,275 units, up by 6.5pc from the prior-year period.


In the seventh month (Sep 23-Oct 21, 2020) of the Iranian calendar, however, the top car producers’ output fell by 10pc to 69,052 units compared to the prior month.


IKCO’s output in the month declined by 6pc to 38,680 units, while SAIPA’s auto production stood at 21,556 units, down by 9pc from the prior month. Pars Khodro’s car output in the seventh month decreased by 13.5pc to 8,816 units.  

The COVID-19 pandemic and sanctions levied by the US government impacted Iran’s auto sector. 

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