Bahmanmotor

What Bahmanmotor does

Bahmanmotor (Bahman Group / گروه بهمن) is a publicly traded Iranian automotive manufacturing group headquartered in Tehran, with operations spanning passenger vehicles, commercial vehicles, motorcycles, automotive components, and captive vehicle financing. The group operates through wholly owned subsidiaries including Bahman Motor (passenger SUVs and sedans), Bahman Diesel (commercial trucks and buses), Siba Motor (FAW heavy trucks), Iran Doocharch (motorcycles), Esna (buses including electric), Iran Casting Industries (ICI), and Bahman Leasing. Bahman Motor became an independent company in 2013 and Bahman Group has been listed on the Tehran Stock Exchange under ticker 26824673819862694 since transitioning to public joint stock status.

The group's core technology rests on licensed foreign vehicle platforms adapted for the Iranian market through long-standing partnerships with Mazda (historical, 1970s onward), Isuzu (commercial vehicles since 2003), Great Wall/Haval (HAVAL H2/H9 SUVs since 2017), JAC/Sokon (Fidelity, Dignity SUVs), FAW (heavy trucks via Siba Motor), and BAIC (trucks via Bahman Diesel). In 1404 (2024-2025), the group co-developed and launched the ENVOY hybrid sedan with Iran Khodro — Iran's first domestically produced hybrid sedan — alongside the Cheval 6 HEV hybrid SUV, marking the company's first-mover entry into hybrid powertrain technology. Manufacturing is concentrated at a Bahman Diesel facility in Alborz Industrial City (Qazvin), with headquarters and central operations in Tehran.

Bahmanmotor operates an asset-heavy manufacturing business model with revenue generated primarily through one-time vehicle sales across passenger, commercial, and motorcycle segments, supplemented by after-sales services (warranty, maintenance, parts), captive vehicle leasing, and auction/commodity exchange distribution. Vehicles are sold through a nationwide authorized dealer network covering all Iranian provinces, an online portal (Iranecar), commodity exchange (بورس کالا) for commercial vehicles, auction channels for excess inventory, direct fleet sales to large enterprise and government customers (Post Company of Iran, Oil Products Distribution Company), and the Bahman Leasing subsidiary. Customer segments span individual consumers (passenger SUVs/sedans), commercial fleet operators (trucks, logistics), public transportation entities (buses), and small business owners (pickup trucks). Government-subsidized programs (Youth Population Plan, Old Vehicle Replacement) are a meaningful demand channel. In fiscal year 1404 the group reported 45% sales growth, 10% production growth, 86% net profit growth at Bahman Leasing, and a 30% market share in Iran's vehicle leasing sector.

Name

Bahmanmotor

Legal name

گروه بهمن (Bahman Group)

Website

https://bahman.ir

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Bahmanmotor (Bahman Group) is a publicly traded Iranian automotive manufacturer producing passenger vehicles, commercial trucks, buses, and motorcycles through subsidiaries including Bahman Motor, Bahman Diesel, and Siba Motor, selling via a nationwide dealer network to consumers, fleets, and government customers across Iran.

Ownership category

akta.pro rank

Product category

Automotive Manufacturing

NAICS

Motor Vehicle Manufacturing (3361), Motor Vehicle Parts Manufacturing (3363), Motorcycle, Bicycle, and Parts Manufacturing (336991), Automobile and Other Motor Vehicle Merchant Wholesalers (42311)

SIC

Motor Vehicle Parts & Accessories (3714), Motorcycles, Bicycles & Parts (3751), Wholesale-Motor Vehicle Supplies & New Parts (5013)

akta.pro primary industry

Class 4–6 Medium-Duty Truck Manufacturing (IMACABAB)

akta.pro secondary industries

Electric Motorcycles & Electric Scooters Manufacturing (IMACAEAB), Truck Body & Upfitting Manufacturing (Box Bodies/Service Bodies/Cranes/Liftgates) (IMACABAI)

Keywords

• Passenger vehicle manufacturing
• Commercial vehicle production
• Automotive assembly services
• Motorcycle manufacturing
• Vehicle after-sales services

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Passenger Vehicle Sales: Sale of SUVs, sedans, and pickup trucks under Bahman Motor brand including models like Respect II, Fidelity, Dignity, and the new ENVOY hybrid sedan.
2. Commercial Vehicle Sales: Sale of trucks (Force, Empower, FAW), buses (Pegasus), and minibuses under Bahman Diesel and Siba Motor brands.
3. Motorcycle Sales: Sale of motorcycles under Iran Docharakh brand including electric motorcycles.
4. After-Sales Services: Warranty services, maintenance, spare parts supply, and mobile service through authorized service centers and agents nationwide.
5. Leasing Services: Vehicle leasing and financing through Bahman Leasing subsidiary.
6. Parts and Components: Sale of automotive parts and components through the company's distribution network and casting/industrial services through ICI.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Bahmanmotor manufactures and assembles passenger vehicles (SUVs, sedans, pickup trucks) and commercial vehicles (trucks, buses, minibuses) along with motorcycles through its subsidiaries Bahman Motor, Bahman Diesel, Siba Motor, and Iran Doocharch. The company sells vehicles through a nationwide authorized dealer network, online platforms, commodity exchange, and direct fleet channels, while providing after-sales services (warranty, maintenance, spare parts), vehicle leasing through Bahman Leasing, and mobile emergency service. Production is conducted under licensed technology partnerships with Mazda, Isuzu, Great Wall/Haval, JAC, FAW, and BAIC.

Differentiator

Problem solved

Functional benefit

Brands

• بهمن موتور (Bahman Motor): Passenger vehicle brand producing SUVs, sedans, and pickup trucks including Respect, Fidility, Diganiti, and Envoy hybrid
• بهمن دیزل (Bahman Diesel)
• سیبا موتور (Siba Motor)
• اسنا (Sena/Sna)
• ایران دوچرخ (Iran Doocharch)
• HAVAL/H2
• FAW

Products and services

• ENVOY Hybrid Sedan (اینوی هیبرید) Iran's first domestically produced hybrid sedan developed in partnership with Iran Khodro, featuring localized hybrid powertrain technology. Targeted at individual consumers and government buyers seeking fuel-efficient passenger vehicles.
• Cheval 6 HEV (شوال ۶ هیبرید) Hybrid SUV offering from Bahman Motor, extending the hybrid vehicle lineup introduced with ENVOY. Designed for consumers and fleets seeking hybrid SUVs.
• Respect II New (ریسپکت II جدید) Updated sedan model for individual consumers and government/fleet buyers; localized passenger sedan produced under Bahman Motor brand.
• Fidelity Elite (فیدلیتی الیت) Updated SUV model in the Fidelity line developed with Chinese partners; targeted at individual consumers and small business buyers; the 60,000th Fidelity vehicle milestone was reached in 1404.
• Force Truck (فورد / Force) - Light and Medium Commercial Trucks Light and medium commercial trucks (3-ton and 8-ton variants including BAIC X9) produced under Bahman Diesel brand for fleet operators, logistics companies, and fuel distribution fleets. Licensed production under Isuzu technology.
• Empower BD560 Truck (کشنده امپاور BD560) Heavy-duty tractor truck from Bahman Diesel targeting logistics operators and long-haul trucking fleets.
• Empower Compress BD460 (کمپرسی امپاور BD460) Heavy dump truck (compressor variant) targeting construction, mining, and heavy commercial fleet operators.
• Pegasus LX Minibus (مینی بوس پگاسوس LX) Minibus for public transportation operators, intercity bus services, and small fleet buyers; produced under Bahman Diesel brand.
• G9 Pickup Truck Pickup truck targeted at individual buyers, small businesses, and last-mile delivery operators requiring light commercial vehicles.
• Electric City Bus (Esna / اسنا) Electric city bus produced under the Esna (Sena/Sna) brand for municipalities and urban public transportation operators seeking low-emission vehicles. Esna was named a national model industrial company in 1404.
• FAW Heavy Trucks (J6 / J7 series through Siba Motor) Heavy commercial trucks including J6 and J7 series produced under Siba Motor brand through partnership with FAW, targeting heavy logistics and freight operators.
• Motorcycles (Iran Doocharch / ایران دوچرخ) Motorcycles including electric motorcycles produced by Iran Doocharch subsidiary, targeted at individual consumers for personal transportation.
• Bahman Leasing (بهمن لیزینگ) - Vehicle Financing and Leasing Vehicle financing and leasing services through the Bahman Leasing subsidiary, with 30% market share in Iran's leasing sector. Targeted at individual consumers and fleet operators needing financed vehicle acquisition.
• After-Sales Services (Warranty, Maintenance, Spare Parts, Mobile Service) After-sales services including warranty, scheduled maintenance, spare parts supply, and mobile emergency service (امداد سیار) provided through authorized service centers and agents nationwide for all Bahman Group vehicles.
• Dignity Prestige SUV (دیگنیتی پرستیژ) SUV model produced in partnership with Sokon/JAC for the Iranian consumer market; localized SUV platform.
• Fidelity XB1 SUV (فیدلیتی XB1) SUV variant from the Fidelity line, top-selling SUV in Iran market in 1400; produced with Chinese partner JAC.
• Fidelity Prestige SUV (فیدلیتی پرستیژ) Higher-end SUV variant in the Fidelity line for individual consumers seeking premium passenger SUVs.
• Industrial Casting and Components (ICI / صنایع ریخته گری ایران) Industrial casting and automotive parts manufacturing services through ICI subsidiary, supporting both internal production and external industrial customers.

Quantifiable outcome

• 30% market share in leasing sector with 86% profit growth
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and major.

• Iran Khodro (ایران خودرو)coreStrategic or Co-development Partner · 3 October 1404Joint development and production of ENVOY, Iran's first national hybrid sedan. This represents a significant strategic partnership for localizing hybrid technology in Iran.
• Mazda (مزدا)coreTechnology or IntegrationHistorical partnership dating back to 1970s for vehicle assembly and manufacturing. Previously produced Mazda pickup trucks, sedans (Mazda 3), and SUVs under license.
• Isuzu (ایسوزو)coreTechnology or IntegrationLicense production of light and medium commercial vehicles including trucks (NPR, NQR, NKR series) under Isuzu technology since 2003.
• Great Wall / Haval (هاوال)coreTechnology or IntegrationPartnership for production of HAVAL SUV models including H2 and H9 since 2018. Great Wall is China's largest SUV manufacturer.
• Sokon / JAC (سوکون/جی ای سی)coreTechnology or IntegrationPartnership for production of Dignity and Fidelity SUV models for the Iranian market.
• FAW (فاو)majorTechnology or IntegrationPartnership for production of heavy trucks including J6 series through Siba Motor subsidiary.
• BAIC (بایک)majorTechnology or IntegrationPartnership for BAIC X9 truck production through Bahman Diesel.
• Commodity Exchange (بورس کالا)majorChannel Partner/ Reseller/ DistributorGovernment-backed commodity exchange platform for selling commercial vehicles and some passenger vehicles with market-based pricing.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SAIPA: Iran's second-largest automaker producing passenger and commercial vehicles including pickups and vans. Closest direct competitor across mass-market passenger cars and small commercial vehicles in Iran; historically held a 16% stake in Bahman Group.
• Iran Khodro: Iran's largest automaker producing passenger vehicles (Peugeot-licensed, Renault-licensed, and indigenous platforms). Direct competitor in the Iranian passenger-vehicle market and also Bahman's joint-venture partner on the ENVOY hybrid sedan program.
• Bahman Diesel: Wholly-owned subsidiary of Bahman Group producing commercial vehicles under Isuzu license and via BAIC/FAW partnerships. Listed here to acknowledge the in-group commercial-vehicle peer; competes with SAIPA Diesel and imported commercial brands.

Broad incumbents

• Mahindra & Mahindra: Diversified Indian OEM with SUVs, pickups, commercial vehicles, and two-wheelers. Comparable to Bahman's diversified portfolio spanning motorcycles through heavy trucks.
• Ashok Leyland: Indian commercial-vehicle major with significant Iran-market presence and partnership history. Comparable as a broad multi-brand commercial-vehicle OEM operating across emerging markets and license-based technology.
• Tata Motors: Large Indian OEM with diversified passenger and commercial vehicle portfolio including electric vehicles. Comparable as a multi-segment, license-plus-indigenous automaker operating in price-sensitive emerging markets.
• Isuzu Motors: Japanese commercial-vehicle and diesel-powertrain specialist that licenses NPR/NQR/NKR production to Bahman Diesel. Comparable as the originating technology partner whose products Bahman assembles.
• FAW Group: One of China's largest state-owned automakers producing heavy and light commercial vehicles; supplies Bahman's Siba Motor subsidiary with J6-series heavy trucks. Comparable as a partner-OEM with global emerging-market footprint.

Emerging players

• Sokon / DFSK: Chinese automaker partnering with Bahman on the Dignity and Fidelity SUV models after the 2018 sanctions pivot away from European/Japanese partners. Comparable as a recent emerging-market collaborator whose platforms now anchor Bahman's SUV range.
• Great Wall Motors (Haval): China's largest SUV specialist whose Haval brand Bahman assembles under license (H2, H9). Comparable as the originating partner whose SUV technology underpins a significant share of Bahman's passenger-vehicle line-up.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/bhn.motor
• Xx.com/BahmanMotorCO
• LinkedInlinkedin.com/company/bahmanmotor

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bahmanmotor