Auto
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Auto Parts Market Grappling With Price Hike, Slow Import Clearance
EghtesadOnline: Customs bureaucracies and the rise in foreign exchange prices have created problems for the domestic auto parts market.
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Tech Support for Auto Localization
EghtesadOnline: The procurement of raw materials and key components in Iran’s auto parts manufacturing sector has been beleaguered by US sanctions, but the domestic technology ecosystem stepped…
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Iranian Tech Firm to Aid Auto Upgrade
EghtesadOnline: An Iranian knowledge-based firm has signed contracts collectively worth 8 trillion rials ($29 million) to supply catalytic converters to SAPCO and Mega Motors, major auto parts…
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Iranian Auto Parts Makers Beleaguered
EghtesadOnline: The procurement of raw materials and key components in Iran’s auto parts manufacturing sector has been beleaguered by US sanctions, an industry insider said.
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Iran Auto Output Drops in Q1
EghtesadOnline: Iran’s automotive output decreased by 1.14% during the first three months of the current Iranian year (March 21-June 21) compared to the year-ago period.
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Auto Parts Localization Curbs Capital Flight Worth €13m
EghtesadOnline: Iran’s major automaker Iran Khodro Company (IKCO) has slashed capital flight worth €13 million through the indigenization of auto parts production since the beginning of the current…
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Auto Output Surges by 17%
EghtesadOnline: Iran’s automotive production increased by 17.16% during the 11 months to Feb. 18, compared with the same period of last year.
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Auto Output Rises Marginally
EghtesadOnline: Iran’s automotive production increased by 0.9% during the 10 months to Jan. 19, compared with the same period of last year.
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Slight Increase in Auto Output
EghtesadOnline: Iran’s automotive production increased by 7.3% during the nine months to Dec. 20, 2020, compared with the year-ago period.
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Iran's Auto Output Increases by 16%
EghtesadOnline: Iran’s automotive output increased by 16.3% during the eight months to Nov. 20 compared with the year-ago period.
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Auto Output Surges by 13%
EghtesadOnline: Iran’s automotive output increased by 13% during the first seven months of the current Iranian year (March 20-Oct. 21) compared with the year-ago period.
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Iran H1 Auto Output Rises 10%
EghtesadOnline: Iran’s automotive output increased by more than 10% during the first half of the current Iranian year (March 20-Sept. 21) compared with the year-ago period.
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Auto Parts Localization Prevents Capital Flight Worth Over €130m
EghtesadOnline: Major Iranian carmaker Iran Khodro Company (IKCO) has curbed capital flight to the tune of €137 million through the localization of 54 auto parts in the first six months of the…
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Auto Output Up 21% in 5 Months
EghtesadOnline: Iran’s automotive output increased by 21% during the first five months of the current Iranian year (March 20-Aug. 21) compared to the year-ago period.
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Iran Auto Output Up 21%
EghtesadOnline: Iran’s automotive output increased by 21% during the first five months of the current Iranian year (March 20-August 21) compared to the year-ago period.
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Gov’t to Invest Over $170m in Auto Localization R&D Project
EghtesadOnline: Iran’s Industries Ministry plans to invest 40 trillion rials ($173.9 million) in a research and development project aimed at localizing key auto parts, a deputy industries minister…
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Iran Auto Output Rises 4.3%
EghtesadOnline: Iran’s automotive output increased by 4.3% during the first four months of the current Iranian year (March 20-July 20) compared with the year-ago period.
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IKCO Launches 175 Projects for Auto Parts Localization
EghtesadOnline: In line with efforts to deepen the localization of auto parts production, 175 projects have been launched by Iran’s major carmaker Iran Khodro (IKCO), the company’s CEO said.
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Iran's Auto Output Down 14.6%
EghtesadOnline: Iran’s automotive output declined by 14.6% during the month ending May 20 compared to a year earlier.
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Iran Auto Output Down 32.5%
EghtesadOnline: Iran’s automotive output declined by 32.5% during the month ending on April 17 compared to a year earlier.
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Iran Auto Output Up 4% in 10 Months
EghtesadOnline: Iran’s automotive output increased by 4% during the 10 months ending Feb. 19 compared to a year earlier.
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Tehran Stocks Open Higher
EghtesadOnline: Tehran stocks rallied at the start of trading week on Saturday boosted by demand for refinery shares amid a sell-off in auto and telecom equities.
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Payout Ratio of Insurers Declines
EghtesadOnline: Domestic insurance companies' total payout in the first nine months of the current fiscal year (March-December 2019) amounted to 220 trillion rials ($1.6 billion), with the auto…
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Uncertified CNG Conversion Centers Having a Field Day
EghtesadOnline: Demand for auto fuel system conversions to LPG and CNG hybrids has been growing in Iran ever since November 2019, when the government rationed and tripled the price of fuel overnight.
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Iran Auto Output Down 25%
EghtesadOnline: Iran’s automotive output fell by 24.8% during the ninth months ending Dec. 21 compared to a year earlier.
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Iran Auto Output Down 32%
EghtesadOnline: Iran’s automotive output fell by 32.3% during the eight months ending Nov. 21 compared to a year earlier.
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Tehran Stocks Nudge 0.8% Higher
EghtesadOnline: Tehran stocks closed trading in positive territory on Tuesday amid rising demands for equities mainly in bank, chemical, auto and base metal group.
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Iran Auto Output Down 22%
EghtesadOnline: Iran’s automotive output fell by 22.4% during the seven months ending Oct. 22 compared to a year earlier.
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Iran H1 Auto Output Dips Near 35%
EghtesadOnline: Iran’s automotive output declined by 34.8% during the first half of the fiscal 2018-19 compared to a year earlier.
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Tehran Stocks Open Slightly Higher
EghtesadOnline: Tehran stocks briefly touched the psychological level of 330,000 in early trading on Saturday, led by bank, pharmaceutical and auto shares, before reversing the course at the…