Financialt Tribune - Irans largest private automaker Modiran Vehicle Manufacturing Co., a partner of Chinas Chery, at the weekend jacked up prices by a massive 55%. In a statement published by ISNA, MVM said due to the significant rise in the USD exchange rate in Iran, the company has no alternative but to increase prices. Since US President ...

Irans automobile production has witnessed a sharp growth of over 73 percent in the first five months of the current Persian calendar year (started March 21). During the period, Iranian automakers SAIPA, Iran Khodro, Pars Khodro and Modiran Khodro manufactured over 404,000 cars, marking a 73.4-percent growth compared with the same period last year....