EghtesadOnline: The automotive market is mired in a state of limbo as evidenced by a stagnant market fanned by volatile foreign currency exchange rates and instances of up to 20% hikes in car prices.
EghtesadOnline: Two legislators, Asadollah Qarekhani and Vali Maleki, have censured the government’s automotive policies, hammering the Ministry of Industries, Mining and Trade for policies that have disrupted business and created more space for an already chaotic market.
EghtesadOnline: Managing directors from French automotive companies PSA Group and Renault say Iran is seen as an appealing market by global carmakers. Renewing their companies’ commitment to major agreements with Iran carmakers, the two men emphasized that they are here to stay.
EghtesadOnline: What could best be described as a chaotic market, the prices of imported cars in Iran have been rising almost on a daily basis and in some cases by up to 280 million rials ($7,000) increase.
EghtesadOnline: One of the dire situations the domestic auto industry is facing is the noticeable and increasing presence of low-quality Chinese cars in the market. Industry insiders are of the opinion that the problem is due largely to intransigent and incorrect government policies.
EghtesadOnline: Local company Arman Motor Kavir is set to unveil two imported Luxgen cars in Tehran on Friday.
EghtesadOnline: Iran should hasten to catch up with global automotive trends, a senior auto industry strategist at the Industrial Development and Renovation Organization says.
EghtesadOnline: The government has issued a new mandate obliging Chinese carmakers in Iran to increase the share of locally manufactured parts in their vehicles.
EghtesadOnline: Executive vice president of Groupe PSA (Peugeot-Citroën) for Africa and the Middle East says the French automotive conglomerate has plans to help Iranian companies transform into capable auto manufacturers.
EghtesadOnline: Peugeot 508 that entered the Iranian market through imports in July has failed to draw the attention of luxury sedan lovers.