Iran imported 102,000 cars during last Persian calendar year (ended March 20, 2015,) showing a 31% year-on-year increase.

The value of car imports amounted to 2.128 billion dollars.

According to the figures published by Iran’s Customs Administration, 78837 cars had been imported into Iran a year earlier.

Earlier this month, a member of the Iranian auto parts association said 60 percent of auto spare parts in the Iranian market have been imported from foreign countries.

“Most of these low-quality spare parts are imported from China,” said Farhad Behnia, arguing that Iranian companies are capable of meeting domestic demand for auto spare parts.

The automobile industry is seen as Iran’s biggest non-oil sector. It accounts for nearly 10 percent of the country’s gross domestic product (GDP).

[caption id="" align="alignnone" width="550"] Latest data shows that Iran ranks 18th on the list of the world’s top auto manufacturers.[/caption]

 

The 2014 Production Statistics by the International Organization of Motor Vehicle Manufacturers (OICA) indicate Iran’s auto production increased by 46.7 percent in the 12-month period.

The figures show Iranian automakers produced 1,090,846 cars and commercial vehicles last year, of which 925,975 were cars and 164,871 were vehicles.

Iran Khodro and Saipa companies account for more than 90 percent of the total domestic production in Iran.

By Press TV