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[BUSINESS] · Iran · 2 sources

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Saipa announces sales plans for Quik vehicle models

Saipa Automotive Group has announced two distinct sales schemes for its Quik vehicle family in November 2026.

The first scheme involves production participation for the Quik GX-L and Quik R Type S models. This plan, which does not require a lottery, offers 2,375 units of the Quik GX-L and 2,500 units of the Quik R Type S. Registration for these models is open to general applicants as well as those participating in the population youth plan and the old vehicle replacement scheme.

The second scheme is an extraordinary sale of 840 Quik S units specifically for the old vehicle replacement program. This program targets owners of vehicles at least 20 years old (models from 2006 or earlier). If demand exceeds capacity, participants will be selected via lottery. The Quik S is priced at 1,032,510,000 Tomans with a 90-day delivery period. Saipa has committed to paying a 36 percent annual delay penalty if delivery exceeds the contracted timeframe.

Entities

Saipa Automotive Group