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Iran expects auto imports to boost domestic production

Business Materials 19 July 2022 12:58
Iran expects auto imports to boost domestic production

TEHRAN, Iran, July 19. Iran Ministry of Industries, Mine and Trade plans to import affordable vehicles aiming to gradually localize the models, said the Head of Iranian Association of Auto Parts Manufacturers Mohammadreza Najafi-Manesh, Trend reports citing IRNA.

"Several officials have announced the decision to import affordable vehicles on the condition of boosting domestic production of these models but auto part makers have not receive any plans in this regard," he said.

Iranian auto part makers have supported the auto production despite auto makers' 460 trillion rials (about $10 billion) debt to auto part makers, he added underlining the necessity to financially support auto part makers to increase auto production.

The Minister of Industry, Trade, and Mine Reza Fatemi Amin has encouraged the import of economical vehicles by offering incentives and asking domestic automakers to produce these vehicles.

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