Financial Tribune - Iran’s automotive output declined by 14.6% during the month ending May 20 compared to a year earlier.

According to a report published by Iran’s Securities and Exchange Organization on Codal.ir, the semi-state Iranian automakers, Iran Khodro (IKCO) and SAIPA, produced 78,190 passenger vehicles during the month, which is 13,436 less than their output a year earlier.

IKCO’s output during the month dropped to 42,168, which is 20% lower than last year’s corresponding month when the company produced 53,083 passenger vehicles.

Besides passenger vehicles, IKCO manufactures commercial vehicles, including vans, pickups, trucks and buses. However, during the period under review, IKCO halted the production lines of several models of commercial vehicles.