Saipa
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Carmakers Special Sales Trigger Car Buying Frenzy in Iran
EghtesadOnline: As car prices keep rising as never before, the two main Iranian auto companies, Iran Khodro and SAIPA, launched what they call are ‘special sales’, selling their cars like hotcakes.
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Iran Gov't Extends $333m Loan for 2 Major Carmakers
EghtesadOnline: The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’…
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CEO Revolving Door Doing Well at SAIPA
EghtesadOnline: When it comes to higher-ups and top jobs SAIPA’s revolving door keeps on turning at unusual speed. On Sunday, Mohammad Reza Soroush was removed from his post as CEO barely after…
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Car Buyers in Iran Get a Raw Deal
EghtesadOnline: Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head…
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First Iran-Made Citroen C3s Delivered in Tehran
EghtesadOnline: The joint venture company between France’s Citroen and Iran’s SAIPA delivered the first Citroen C3s made in the central city of Kashan to customers earlier this week in Tehran.
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Car Prices Almost Double: SAIPA Joins Price Race
EghtesadOnline: After carmaker Iran Khodro jacked up prices twice over the past few weeks, its archrival SAIPA apparently did not waste precious time! The second biggest carmaker raised the price…
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SAIPA-Citroen Prepared to Offer After-Sales Services
EghtesadOnline: SAIPA-Citroen, a joint venture between Iran’s SAIPA and France’s Citroen says that it has enough spare parts to provide customers with adequate after-sales services.
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Iran Carmakers Expanding Operations in Syria, Azerbaijan
EghtesadOnline: Iran Khodro and SAIPA are planning to expand their overseas operations. SAIPA is poised to increase production in Syria and IKCO has started manufacturing its Samand model in…
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New Rules and Slumber of Iranian Carmakers
EghtesadOnline: Hard-pressed auto manufacturing industry already under mounting pressure for its poor quality and high prices should prepare for a new challenge in the coming weeks. The state…
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Iranian Carmakers Saddled With $1.4 Billion Debt
EghtesadOnline: Major carmakers Iran Khodro and SAIPA have seen their debt tally with parts makers, banks and financiers build up in the past few months amassing a debt of 200 trillion rials…
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SAIPA Setting Sights on Venezuela, Algeria Auto Markets
EghtesadOnline: As part of a push to expand SAIPA’s presence overseas, Iranian ambassadors to Venezuela and Algeria visited the automaker’s production facilities and R&D center over the weekend.
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SAIPA Debuts Homegrown Sedan at Shiraz Auto Show
EghtesadOnline: While SAIPA’s French partner Citroen has suspended its collaborations with the Iranian company, the local carmaker striving not to get marooned in the past has introduced a brand…
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Final Price of SAIPA-Citroen's C3 Still Shrouded in Doubt
EghtesadOnline: On Monday, Iranian news websites reported that the eagerly anticipated news on the price of the Citroen C3 hatchback, manufactured through a joint venture between Iran's SAIPA…
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Kia Cerato Sells Like Hot Cakes in Iran
EghtesadOnline: As part of SAIPA's extensive presale launched last week, the company offered a limited number of Kia Ceratos assembled in Iran, all of which were sold out in a few hours.
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Citroen Presells 2,000 C3s in Iran Debut
EghtesadOnline: Through a joint venture with Iranian carmaker SAIPA, French automotive giant Citroen presold 2,000 units of its small city hatchback C3 in its initial offering in the country…
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SAIPA Devising Strategy to Counter Headwinds
EghtesadOnline: Second largest automaker in the country SAIPA says they have an action plan in place in the event of probable headaches coming in the way of Iran’s auto industry.
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SAIPA Jumps on Green Bandwagon
EghtesadOnline: Iran’s major carmaker SAIPA has completed the third phase of a scheme which aims to help mitigate the depletion of underground water resources.
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SAIPA Mulling Options to Replace Pride
EghtesadOnline: Reports from the SAIPA Group show that the second major local carmaker is mulling over alternatives to the production of Pride, the company’s cheapest model which is manufactured…
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SAIPA Hands Over Bonro Factory to Renault
EghtesadOnline: Carmaker SAIPA has ultimately transferred ownership of its Bonro production plant in Saveh, 100km southwest of Tehran, to Renault, head of the Industrial Development and Renovation…
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Iran Khodro, SAIPA at Baghdad Expo
EghtesadOnline: Two major automakers Iran Khodro and SAIPA displayed their products at a special Iranian trade and industrial exhibition in Iraq from February 12 to 15.
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Brilliance Prices Rise Following Engine Upgrade
EghtesadOnline: Pars Khodro, a subsidiary of SAIPA, has announced an increase in the price of Brilliance models with upgraded engines.
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IDRO Resolves Problem With SAIPA Over Renault Deal
EghtesadOnline: Renault’s production deal with the Industrial Development and Renovation Organization and a local private company Negin Khodro will become operational by March, the IDRO chief…
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Pars Khodro to Upgrade 3 Chinese Models
EghtesadOnline: A subsidiary of SAIPA, Pars Khodro, will introduce upgraded versions of three Chinese-derived vehicles assembled and produced in Iran.
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SAIPA Starts Citroen C3 Trial Assembly
EghtesadOnline: SAIPA started a test assembly of the Citroen C3 over the weekend.
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SAIPA Starts Quick’s Delayed Presales
EghtesadOnline: SAIPA started presales of its latest hatchback model Quick on Tuesday.
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SAIPA Backtracks on Sudden Price Hike
EghtesadOnline: Over the weekend SAIPA car company jacked up the price of the locally-assembled KIA Cerato by 14% announcing that henceforth the model costs 1.18 billion rials ($28,200), 140…
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Time Finally Running Out for Iran Khodro and SAIPA
EghtesadOnline: Low quality cars that rule local automakers’ logbook were again pushed into the lime light this week when Traffic Police chief announced that license plates will not be issued…
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SAIPA’s EV Price Unreasonable
EghtesadOnline: The second largest local carmaker SAIPA has refitted its sedan model Saina as an electric vehicle and unveiled in on Sunday.
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SAIPA Puts Presale of New Car on Hold
EghtesadOnline: SAIPA’s recently appointed CEO has put off the presales of the Quick model “due to some quality concerns”.
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SAIPA Unveils Citroen C3 New Model in Tehran Bash
EghtesadOnline: Speaking at the ceremony Fariborz Shahbaz, SAIPA Citroen’s director said, “The production lines are being installed and will be launched before September 2018. Initially 20% of…