EghtesadOnline: Iran's major automakers, Iran Khodro and SAIPA, have announced schemes to expand overseas operations.
EghtesadOnline: The government has called on local car manufacturers to increase investment in their research and development.
EghtesadOnline: The Central Bank of Iran (CBI) and the Ministry of Industries have jointly issued a mandate that requires automakers to reduce the interest rate offered on pre-sale contracts.
EghtesadOnline: The newly-appointed minister of industries, mining and trade has called for eliminating a rule that obliges domestic automakers to scrap old cars in exchange for new car production.
EghtesadOnline: Local automakers were recently given the go-ahead by the Competition Council to raise prices and one lawmaker says he would keep an eye on their actions.
EghtesadOnline: Iran’s largest automakers Iran Khodro and SAIPA owe local parts makers $2.4 billion, according to industry insiders.
EghtesadOnline: There is an overall “geographical dispersion” in the automotive industry, but the distance between Iranian automakers and parts suppliers raises the question whether the distribution is logical or not, says a recent report by the Ministry of Industries, Mining and Trade.
EghtesadOnline: Production of vehicles that fail to comply with the 83 automotive standards will be halted by the end of 2018, says the director of Iran Standard and Quality Inspection Company (ISQI).
EghtesadOnline: The quality report for the first month of the current fiscal year (March 21-April 20) has been released with no car reaching the fabled five-star quality rating by the Iran Standards and Quality Inspection Agency.
EghtesadOnline: Carmakers will attend the upcoming Baku Motor Show in the Republic of Azerbaijan on June 28-30.