Automakers in Iran booked a 10% year on year increase in sales in the first six months of the current fiscal year which started in March.
According to the Security and Exchange Organisation, cited by local English business newspaper Financial Tribune, major domestic carmakers sold 603,096 vehicles during the period earning IRR173 trillion (US$4.3bn).
Production of cars, trucks and utility vehicles gre 17.9% to 684,300 with passenger vehicle production, of 643,321 cars, dominating.
Van production was up 161% to only 350 units while pickup truck output fell 17% to 32,605.
Bus and minibus production rose 60% to 1,317 units.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Iran Khodro with a 49.9% share of the domestic market, built 15.8% more cars at 321,069 while sales rose 5% to 303,735.
The company produces Peugeot 405, 206 and 2008 under licence from PSA. Output was 205,509 units with 197,539 sold.
The locally-designed Samand sold 48,339 units.
ICKO built 23,4252 units of Renault's Logan, branded locally as the Tondar 90, and sold 21,576.
Iran Khodro Diesel, which makes utility vehicles and pickup trucks, produced 4,676 units and sold 3,796.
Financial Tribune said SAIPA Group (including SAIPA, Pars Khodro and SAIPA Kashan) with a 43.6% share of the market, produced 262,977 vehicles during the six-month period, up 22.2% year on year. Sales rose 13% to 195,130 units.
The low cost Pride led sales with a 58% share 114,423 units.
SAIPA also produces several Brilliance and Changan models but these have a meagre 4% share of company sales.
Subsidiary SAIPA Diesel, which produces heavy duty vehicles and pickups, sold 1,304 units.
Third largest automaker Pars Khodro accounted for 17.6% of car production with 106,470 vehicles during the half year period, selling 100,435.
It produces two Renault models which dominate the company's sales with 44% share – Logan and Sandero.