Iran Vehicles Market Share

Market Share of Iran Vehicles Industry

The Iranian vehicle market is consolidated. The major players of the Iranian vehicle market are Renault-Nissan Alliance, Brilliance Automobile Group, Chery Automobile, Hyundai Kia Automotive Group, Iran Khodro (IKCO), Lifan Industry (Group), Groupe PSA, SAIPA Group, Toyota Group, VW Group, and Great Wall Motor Company Ltd (GWM). Alliances and joint-ventures are the major strategies adopted by the companies in this market. The sactioned imposed over Russia during the Ukraine and War has favoured several key auto mekers operating in Iran to give favours to soutry for mutual growth cooperation. For instance:

In August 2022, SAIPA Corp which is Iran's second largest car manufacturer has joined hands with Russia's car manufacturer AvtoVaz for the supply of the Lada engine blocks to restart the production of the Renault model. In addition, under this deal, the SAIPA-produced Renault Logan, which is a rebadged car named as L90 Tondar, will be made with a Lada Largus engine.

Iran Vehicles Market Leaders

1. Iran Khodro

2. SAIPA Corp

3. Groupe PSA

4. Nissan

5. Renault

*Disclaimer: Major Players sorted in no particular order