Iranian car manufacturers have produced 16.2% more cars in comparison with the same period last year, the spokesperson of Iran's Car Manufacturing Policymaking Council told Mehr News.
Sasan Ghorbani also recounted the issues discussed in the 31st session of Iran's Car Manufacturing Policymaking Council which features Iran’s Minister of Trade, Industry and Mine Mohammad Reza Nematzadeh.
Since March 21, Iranian car manufacturers have outputted 262,161 cars, according to Ghorbani.
Iran’s total auto output presently stands at 1.4 million cars and Business Monitor International (BMI) said in its last week survey that this could increase to above 2 million cars by 2020.
The survey also said the recent projects in Iran for production of cars through Semi Knocked Down (SKD) and Complete Knocked Down (CKD) as well as the authorization to export cars to Iran – in light of the anticipated success of Iran-sextet nuclear talks - could lead to an increase of 35 percent in the country’s auto sales.
Several new brands are on their way to the Iranian auto market, the BMI said. This, together with an anticipated rise in purchases of cars in Iran after 2016 could eventually create a market of about 2.5 million cars in the country before 2019.
Following the West’s sanctions against Iran over its nuclear energy program, the Iranian auto industry suffered a partial decline and major international automakers operating in Iran were forced to leave the country.
However, after the partial suspension of sanctions in the wake of Iran’s interim nuclear deal with the five permanent members of the UN Security Council – the United States, France, Britain, Russia and China – plus Germany in Geneva in November 2013, the industry witnessed a gradual growth in 2014 and giant foreign auto manufacturers, including Peugeot and Renault, expressed keenness to return to the Iranian market.
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