Iran’s car production hits 455,000 in 6 months
ILNA: Iran produced 455,000 cars in the first half of the current year.
Iran’s industry minister Mohammad - Reza Nematzadeh said the domestic carmakers plan to produce ۱.۲ million cars by the end of the year, Iran’s IRIB reported on Sept. ۲۹.
The Information Network for Iran Production and Trade, affiliated with the Ministry of Industry, Mining, and Trade reported on Aug. ۳۱ that the country’s car production has risen significantly after two years of decline.
Based on official statistics, Iranian carmakers produced ۶۲۴,۰۰۰ cars in Iranian year ۱۳۹۲(March ۲۰۱۳ - March ۲۰۱۴), a ۲۹ percent fall compared to year ۱۳۹۱ and a ۵۵ percent fall compared to year ۱۳۹۰.
The national document for the development of the car industry, which was ratified on Aug. ۴, has envisaged the country’s GDP will reach $۱,۱۵۸ billion in ۲۰۲۵, and that the car industry will have a share of $۴۷.۵ billion in GDP. In other words, the car industry’s share of GDP will reach ۴.۱ percent in the next ۱۱ years.
The World Bank has put Iran’s GDP at $۳۶۹ billion in ۲۰۱۳, compared with $۵۲۸ billion in ۲۰۱۱. The car industry’s share of GDP is currently about ۱.۷ percent.
Edited by CN