Iran makes half million vehicles in 4 months

Iranian automakers have produced more than half a million vehicles over a four-month period, which started in late March, Press TV reported with reference to Mehr News Agency.

Iran's Ministry of Industry, Mine and Trade said the car manufacturers had made 503,997 vehicles between March 21 and July 22.

It noted that the companies had assembled 438,102 passenger cars over the span - a figure, which reflected a 1.9-percent increase compared to the same period last year.

The ministry said 54,764 pick-up trucks, 9,186 trucks, 966 minibuses, and 742 buses had also been manufactured by the companies.

Iran's two major car manufacturers, Iran Khodro and Saipa, produced most of the cars, it said.

Iran Khodro Company (IKCO)'s CEO Javad Najmeddin has told Press TV that the auto manufacturer planned to increase its production to 730,000 vehicles a year by the end of 2011 and raise the volume of its exports to more than 600,000 cars by the end of 2016.

Russia, Syria, Turkey, Iraq, Ukraine, and Egypt are among the main target markets of the company, according to Najmeddin.


/Trend/