Iran's car imports up 43%

Iran imported 38,000 cars worth $1.042 billion in the five months to August 22 indicating a growth of 43 percent compared to the figure for the same period last year.

Trend News Agency cited Trade Promotion Organization of Iran as reporting that Iran had imported 26,500 vehicles in the corresponding period last year.

The value of the imported cars also registered a 50-percent growth compared to the figure for the same five-month period last year which was $700 million.

Iran's car imports during July 23-August 22 stood at 12,000 vehicles, worth $289.3 million.

Over 1.350 million cars were produced in Iran in the fiscal year to March 21.

The country plans to produce three million cars annually in the next five years.