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
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.