SAIPA

About SAIPA

SAIPA (Persian: سایپا) is an Iranian automaker headquartered in Tehran. Originally established in 1965 as SAIPAC (an acronym for the French Société Anonyme Iranienne de Production des Automobiles Citroën, lit. Iranian Limited Company for the Production of Citroën Automobiles), the company was created with 75% Iranian ownership to assemble Citroën vehicles under license for the Iranian market. Following Citroën's withdrawal in 1975, the company changed its name to SAIPA (Société Anonyme Iranienne de Production Automobile) and has since evolved into Iran's second-largest automaker. The company is partially state-owned by the Industrial Development and Renovation Organization of Iran (IDRO), the largest shareholder with 35.75% of shares. SAIPA's main subsidiaries include Saipa Diesel, Pars Khodro, Zamyad Co., Megamotor, and Sazeh Gostar Saipa. Despite generating substantial revenue, the company has faced severe financial challenges due to accumulated losses exceeding its capital.