Iran Ranks 16th in World's Top Automakers, Produces Over 1 Million Cars in 2022

(MENAFN) According to the International Organization of Motor Vehicle Manufacturers (OICA) annual report, Iran has been ranked as the world's 16th largest automaker in 2022. This is a significant improvement from the previous year, where Iran was ranked 19th in the OICA list of the world's top automakers. Iran's position among the world's top automakers has improved by three places in 2022, making the country stand above industrial countries like the UK, Russia, and the Czech Republic.

The OICA report states that Iranian automakers manufactured 1,064,298 vehicles in 2022, registering a 19% growth compared to the previous year. This growth in production has contributed significantly to Iran's improved ranking in the OICA list.

The global automotive industry saw a six percent growth in 2022, with more than 85 million cars produced worldwide, according to OICA data. Iran's contribution to this growth is noteworthy, given the country's increased production capacity and improved product quality.

The Iranian Ministry of Industry, Mining, and Trade reported that car manufacturing in Iran increased by 25% during the first eleven months of the current Iranian calendar year (March 21, 2022-February 19, 2023), compared to the same period in the previous year. Over 1.126 million vehicles were manufactured in the 11-month period of this year, according to the ministry's data.

Despite missing the projected schedule for car production this year, officials from the Industry, Mining, and Trade Ministry have emphasized that car production will reach 1.6 million vehicles in the current year. This target is a significant increase from the previous year's production and demonstrates the government's commitment to developing the Iranian automotive industry.

Iran's improved ranking in the OICA list of the world's top automakers is a testament to the country's efforts to enhance its automotive industry's production capacity and product quality. The growth in car manufacturing has created new job opportunities and contributed to the country's economic development.

Looking ahead, the Ministry of Industry, Mining, and Trade has set a target of 1.8 million vehicles for the next Iranian calendar year, 1402, which begins on March 21. This ambitious target indicates the government's commitment to further developing the Iranian automotive industry and contributing to the country's economic growth.


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