IRAN’S CAR EXPORTS UP 2.6-FOLD IN FIRST HALF

Asia Pulse
Nov 02, 2004

TEHRAN, Nov 2 Asia Pulse – Car exports increased 2.6-fold in terms of
value during the first six months of the current Iranian year 1383
(started March 20, 2004) to reach US$35.6 million, the
English-language `Iran Daily` wrote on Monday.

According to the daily, a total of US$86.6 million worth of cars and
auto parts were exported from the country during the period, the
figure showing an increase of 110 per cent compared to the
corresponding figure in the same period last year.

Exports of heavy vehicles also earned the country some US$26 million
during the period including exports of 4,296 tons of tires and tubes
valued at US$5.4 million. Tire exports were up 40 per cent in terms of
value during the March-September period.

The Iranian auto-manufacturing group Saipa exported 4,300 cars in the
first seven months of the year, this figure showing a 170 per cent
increase compared with the corresponding figure in the previous
year. The company topped the list of top Iranian car exporters with
its earnings of about US$21 million, showing an increase of 175 per
cent compared with earnings in the same period of the previous year.

Syria was the main customer of Saipa products with about 12,000 Pride
cars plying on that country`s streets. Pakistan, Bangladesh, Egypt and
Armenia were other Saipa customers. The Iranian car manufacturing
group exported 1,432 and 4,219 sedans in 2002 and 2003 respectively

From: Emil Lazarian | Ararat NewsPress