The CEO of Iran’s Industrial Development & Renovation Organization (IDRO) said on Saturday that around 328,000 vehicles were covered in a scrap scheme launched by the government at the beginning of the current calendar year in late March 2024.
Farshad Moghimi said the figure is more than the previous annual record for 321,000 vehicles reported in 2014.
“Dropping out these numbers of vehicles in the current (calendar) year has reduced fuel consumption by around 2.6 billion litres, which is worth the $2.9 billion export terms,” Moghimi said. It’s there.
The assistant minister of industry official said he added that the number of vehicles discarded until the end of the calendar year in March 2025 would reach 340,000 units, and would reach 500,000 in the next calendar year.
Another Ministry of Industry official said that the number of scraps of vehicles collapsed in Iran, with about 312,000 of those discarded vehicles being passenger cars and pickup trucks and the remaining 12,000 were heavy trucks and buses .
Mehran Salarieh said that about 90% of the owners of the discarded vehicles were compensated in cash, with the rest being received in return for new cars, pickups or taxis.
Iran has seen an increase in domestic production of cars in recent years amid restrictions imposed on imports due to foreign sanctions.
Ikco, the country’s largest automaker, said last month it produced 2,505 cars on January 25th, registering new records with daily output.
MNA