SAIPA
Iranian automaker / From Wikipedia, the free encyclopedia
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SAIPA (Persian: سایپا, SAIPA) is an Iranian automaker headquartered in Tehran. The SAIPAC (an acronym for the French Société anonyme iranienne de production des automobiles Citroën lit. Iranian Limited Company for the Production of Citroën Automobiles)[4] was established in 1965[5] as with 75% Iranian ownership, to assemble Citroëns under license for the Iranian market. It changed its name into SAIPA (Société anonyme iranienne de production automobile) in 1975[4] when Citroën withdrew from the company.[6] Its products in recent years have been mostly under-licensed Korean cars and its own engine and range of cars. The chief executive (president or managing director) of SAIPA is Javad Tavasoli Mehr.
Company type | Public company |
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TSE:[1] k ISIN: IRO1SIPA0001 | |
Industry | Automotive |
Founded | 1965; 59 years ago (1965) |
Headquarters | Tehran, Iran |
Key people | |
Products |
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Revenue | US$ 21.7 billion (2023)[2] |
Owner | |
Number of employees | 48,000 (2012)[3] |
Subsidiaries | Saipa Diesel Pars Khodro Zamyad Co. SAIPA CITROËN |
Website | www.saipacorp.com |
The main subsidiaries of SAIPA Group are Saipa Diesel, Pars Khodro and Zamyad Co.[7]