32% drop in the turnover of three major automakers in the first seven months of the year / Car production returns to the lows of the 1990s "Economic World": Production statistics for the first seven months of the country's three major automakers (Iran Khodro, Saipa, and Pars Khodro) show a 32 percent drop in turnover compared to the same period last year, with total production reaching 332,857 vehicles. Pars Khodro dropped by 58%, Saipa by 44%, and Iran Khodro by 24%. This downward trend has brought the automotive industry close to the historical lows of the 1990s. Intensified sanctions, currency restrictions, illiquidity, problems in supplying raw materials and parts, and energy outages are among the most important reasons for this decline in production. Given these conditions, achieving the Ministry of Industry's target of producing one million units seems out of reach, and rising product prices have failed to prevent the drop in production. Full text Read also this report: Parliament enters the story of the 100% car tariff Channel

32% drop in the turnover of three major automakers in the first seven months of the year / Car production returns to the lows of the 1990s "Economic World": Production statistics for the first seven months of the country's three major automakers (Iran Khodro, Saipa, and Pars Khodro) show a 32 percent drop in turnover compared to the same period last year, with total production reaching 332,857 vehicles. Pars Khodro dropped by 58%, Saipa by 44%, and Iran Khodro by 24%. This downward trend has brought the automotive industry close to the historical lows of the 1990s. Intensified sanctions, currency restrictions, illiquidity, problems in supplying raw materials and parts, and energy outages are among the most important reasons for this decline in production. Given these conditions, achieving the Ministry of Industry's target of producing one million units seems out of reach, and rising product prices have failed to prevent the drop in production. Full text Read also this report: Parliament enters the story of the 100% car tariff Channel