An official with Iran's Securities and Exchange Organization declared that If the situation of Iran Khodro (IKCO and Saipa is not revised by the end of July this year, they will be subject to the provisions of Article 141 (liquidation or reduction of capital).

Let's begin with two questions: How is the price of a car determined in Iran? and what role does the Iranian National Competition Council play in car pricing? These are two questions that may have been asked by everyone who deals with capital goods at least once, a product in which any changes and fluctuations are very sensitive.

While Iran's car industry is suffering from inefficiency and lack of effectiveness and as a result unproductivity, their declared reports of their financial statements show new records of accumulated losses.

When the cost of producing a car is much lower than the price being sold, a question poses itself here: How do automakers present themselves as losers?

Seemingly, the Iranian government does not intend to cede automobile companies to the private sector while declaring itself obliged to privatize the industry. Some experts argue that the government's presence in the car industry is mostly political.

The secretary of the Iranian Association of Parts Makers announced that a resolution was ratified to sell 120,000 cars by the end of the year at 5% below the market price.

In line with the expansion of economic, industrial, and commercial relations with neighboring countries, Iranian SAIPA auto-making groups pinned eyes on the Central Asian markets, especially Russia and Belarus, setting to start car export.

Deputy of General Industries of the Ministry of Industry, Mining, and Trade announced the registration of one billion car spare parts with tracking codes and warranties in the last year.

Irans second largest carmaker Saipa has supplied another batch of its cars to Venezuela under an automotive export and joint manufacturing deal signed between the two countries in June. Saipa said in a Wednesday statement that it had delivered 1,000 completely build-up (CBU) cars to Venezuela in the Iranian calendar month to late June. The statement ...

A leading Russian automaker has called for cooperation with Iranian parts manufacturers to supply it with critical vehicle components, Irans official news agency IRNA has reported. The Ukraine war has upended car production in Russia which is the eighth-largest automotive market in the world. Several global manufacturers have halted deliveries to ...

Bourse and Bazaar | Hassan Karimi Sanjari: Iran produced just 770,000 automobiles in 2019, down from 1,418,550 just two years prior. The re-imposition of U.S. secondary sanctions interrupted new investment in Irans automotive sector, particularly by European automakers such as Renault, Peugeot, and Volkswagen. The median age in Iran is just 32....

Financial Tribune - Irans major automaker SAIPA is strengthening cooperation with the University of Science and Technology to upgrade its products with the state-of-the-art technology. During a Saturday visit to the production lines of SAIPA, the companys CEO Javad Soleimani and Mohammad Hossein Shojaeifard, the dean of the universitys research ...

Financial Tribune - Automakers Iran Khodro (IKCO) and SAIPA are expected to end the production of two low-quality cars, Peugeot 405 and Pride, which have been made in Iran for decades. IKCOs Peugeot 405 and SAIPAs Pride will not be produced as of mid-June, the national Traffic Police chief, General Kamal Hadianfar, said at a press conference on ...

Bourse and Bazaar - Irans giant automakers, Iran Khodro and Saipa, are in a tug of war with the Rouhani administration over demands to lift price controls. The state-owned firms are seeking to increase prices by 40 percent. Executives in Irans automotive industry, which counts among the countrys largest employers and includes both state-owned and ...

Financial Tribune - Tehran Stocks closed Monday a little below the flat line before bouncing back into positive territory as investors went for SAIPA shares in after-hour trade. The benchmark of Tehran Stock Exchange, TEDPIX, gained 4,504.77 points, or 0.43%, to end trading session at 1,047,757.6. Zealous investors lined up to buy shares of SAIPA,...

Financial Tribune - During the month ending April 17, Irans two major automakers, Iran Khodro and SAIPA, produced 22,998 passenger vehicles, which are 11,110 less than their output a year earlier Irans automotive output declined by 32.5% during the month ending on April 17 compared to a year earlier. According to a report published by Irans Securities ...

Financial Tribune - Iran Khodro produced 393,812 passenger vehicles during the fiscal year that ended in March, recording an 8.1% year-on-year decline while SAIPA produced 363,379 vehicles, marking a 13.5% YOY drop I n the last fiscal year that ended in March, 863,263 passenger vehicles were produced in Iran, indicating a 9.6% year-on-year decline....

Financial Tribune - Pars Khodro, a subsidiary of SAIPA car company, has restarted producing Renault cars, the company said in a statement. Last March Pars Khodro stopped producing Renault vehicles because the new US sanctions had disrupted supply of parts. Following the imposition of tough US penalties against Tehran, all European automakers ...

Financial Tribune - Pride model 132 will no longer be produced by the company and the production of other Pride models, namely 111, 131, 141 and 151 will be gradually phased out, SAIPA CEO says The long-running debate over halting the production of Pride, a poor-quality small city car produced by Iranian automaker SAIPA, has reportedly been concluded ...

Financial Tribune - With US sanctions taking a harsh toll on Iranian car companies, the Defense Ministry has extended help to the beleaguered industry to help sustain its operations Iran's Defense Ministry has signed a deal with local car manufacturing company SAIPA to curb the auto sector's reliance on foreign parts. Iranian car companies depend ...