(MENAFN) Iran's auto production increase 58.2 percent in the first eleven months of the current Iranian year (March 21, 2014-February 19, 2015) over a year earlier, Tehran Times reported.
Car manufacturing in Iran dropped 20.2 percent in the previous Iranian calendar year. Iran manufactured 737,060 cars in the last Iranian year, while the figure was 924,051 in the preceding year.
The automobile industry, constituting around 10 percent of GDP, boomed over the decade ending in 2011 due to government support and the lack of international competitors in the domestic market.
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