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SAIPA was established in 1966, assembled the two-cylinder Citroën mini passenger car, the Dyane, and manufactured licensed versions of the original Renault 5, Renault 21 and Kia Pride. Production of the Saipa Pride continued until 2005 when then they introduced an updated model based on the Pride called the Saipa 141 while continuing to sell their version of the Pride under the names Saba and Nasim.
In 2000, SAIPA launched their own design, the 701 Caravan minivan, which was facelifted in 2003.
Also in 2000, SAIPA purchased 51% of Pars Khodro. The Iranian government owns 48% of SAIPA.
Another product of SAIPA is the Citroen C5.
The top executive of SAIPA is Ahmad Ghalehbani.
The main subsidaries of SAIPA are Saipa Diesel, Pars Khodro and Zamyad.