CHAR Raises Heavy-Vehicle Gearbox and Steering Box Prices; Disclosed Effect on 1405 Operating Revenue About 6,635 Billion Rials

CHAR said in a group A material disclosure published on Codal on Tuesday 20 October 2026 (28 Mehr 1405) that it is changing the selling prices of heavy and semi-heavy gearboxes, heavy steering boxes and parts. The form records a previous price of 1,780 million rials and a new price of 2,664.8 million rials, a rise of about 49.7 percent, which the form attributes to the product group and does not break down by item. It gives the effective date as 21 March 2026 (1 Farvardin 1405), the permission date as 20 October 2026 (28 Mehr 1405) and the issuing parties as Iran Khodro Diesel and Zamyad.

The company cites higher costs for materials and parts, including alloy steel, castings and base-currency items, and says that under its contract price changes are stepped and disclosed at the end of each quarter once realised. The disclosed effect on 1405 operating revenue is 2,683,683 million rials for heavy gearboxes, 3,048,353 million rials for semi-heavy ones, 665,925 million rials for heavy steering boxes and 236,788 million rials for parts, a total of 6,634,749 million rials (about 663.5 billion tomans). Sales of these products in the previous fiscal year were 24,177,044 million rials, or 90 percent of the company's revenue. These are company estimates; later Codal reports will show what is realised.