Iranian carmakers

  • During the month ending May 21, Iranian carmakers produced 87,821 cars and commercial vehicles, registering a 16.1% decline compared with a combined output of 104,684 units in the corresponding month of the year before

  • 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 ($1.37 billion), said the secretary of the Specialized Manufactures of Auto Part Association.