SAIPA
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SAIPA is an Iranian automaker headquartered in Tehran. The SAIPAC was established in 1965 as with 75% Iranian ownership, to assemble Citroëns under license for the Iranian market. It changed its name into SAIPA in 1975 when Citroën withdrew from the company.
Decision trail
Decision date 10/12/2023 · Reference ↗
SAIPA, the second-largest carmaker in Iran after Iran Khodro, said it will send 45,000 vehicles to Russia and Belarus within three years. The contract is worth 450 million euros ($497 million). SAIPA Automotive Group inked a contract in 2022 with Russia’s Best Motors Company and Lucky Currency Company of Belarus for exporting its products. Currently, the process of receiving the necessary export license is in the final stages. As soon as the relevant documents are received, SAIPA Company will embark on exporting its products to the target markets in Russia and Belarus.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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