Since the lifting of sanctions on Iran in early 2016 the country's automotive industry has recovered significantly with latest figures compiled by QUBE, just-auto's research portal, showing that light vehicle production increased by 13.6% in the Iranian year 1396 (equivalent to 21st March 2017-20th March 2018) to 1.51 million units. This is just shy of the country's all-time record of just over 1.6 million recorded in 1390.