EghtesadOnline: Iran Standards and Quality Inspection Company has released data on the quality of locally-made cars during the Iranian month ending Oct. 21.
EghtesadOnline: Almost half of the cars rolled out by local automotive companies over the past four years do not meet emission standards and cannot receive technical inspection certificates, the CEO of Tehran Vehicle Technical Inspection Bureau says.
EghtesadOnline: In the last fiscal year (ended March 20, 2019), a total of 955,923 cars and commercial vehicles were produced in Iran, indicating a 37.8% year-on-year decline.
EghtesadOnline: Iranian rolling stock manufacturer, Wagon Pars Company, built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19) at a cost of 812 billion rials ($6 million), the company’s CEO said.
EghtesadOnline: Automakers will soon receive the okay from relevant authorities to increase prices once again, a deputy minister of industries said. Bad news that translates into a simple message for the common man: cars are gradually becoming luxury items most families cannot afford anymore.