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EghtesadOnline: Forty foreign carmakers are in possession of certificates to open sales branches in Iran and the number can be increased, according to Yadollah Sadeqi, the supervisor of the Department of Economic and Trade Affairs at the Iranian Ministry of Industry, Mine and Trade; Trend news reported.

Addressing a press conference, the official said the companies can register orders without any limit on the number of cars they would like to import.

These companies are nevertheless required to offer customer services in Iran for 10 years after their product is sold in the market, Sadeqi added.

Iran imported over 49,331 sedan cars during the first nine months of the current fiscal year (March 20-Dec. 21, 2016), according to ILNA.

Iran’s sedan car imports registered a rise by 62 percent in the period compared to the same period of the preceding year, according to the Iranian Customs Administration.

Iran’s car imports stood at 7,734 in the ninth Iranian calendar month (Nov. 21-Dec. 21, 2016). The country imported $1.295 billion worth of cars during the nine-month period, according to the report.

Imported cars shared only 5 percent of Iran’s total car market in the period.

The Islamic Republic imported 89 percent of sedan cars from five countries – the UAE, South Korea, Germany, Spain and Turkey.

Iran Auto Iran auto market Yadollah Sadeqi