Iran Launches Old-Pickup Renewal Scheme With 300 Million Toman Scrap Subsidy and 1.1 Billion in Loans

Farshad Moghimi, deputy industry minister and head of IDRO's executive board, announced on Tuesday, November 3, 2026 (12 Aban 1405) the start of a 15-year scheme to renew ageing pickup trucks. Under it, owners of old pickups can replace them with new zero-kilometre Nissan Zamyad models, petrol or dual-fuel.

The support package combines a 300 million toman scrappage subsidy with 1.1 billion tomans in bank loans, and the scrap value of an old vehicle is put at 40 to 60 million tomans. Moghimi said more than 2.5 million pickups operate in Iran, about 30 percent of them worn out. Initial registration runs through the transport fleet renewal headquarters' portal; purchase steps follow after Zamyad's official call, through Saipa's sales system.