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: The Iranian Ministry of Industry has instructed local carmakers and their foreign partners to submit reports of their activities and achievements.
EghtesadOnline: Domestic carmakers need to grow and develop and move towards manufacturing rather than assembling cars from imported parts, says an advisor to the minister of industries.
EghtesadOnline: Two leading state-run carmakers, Iran Khodro and SAIPA, are struggling to maintain their monopoly over Iran’s market. Recently their struggle got all the more difficult. A new joint venture that involves France’s Renault is here to challenge the long conceited state-backed carmakers.
EghtesadOnline: Iranian carmakers manufactured 420,000 vehicles in the first four months of the current Iranian calendar year (March 21-July 22), a 20 percent rise year on year, the industry minister Mohammadreza Nematzadeh announced.
EghtesadOnline: Iran’s Ministry of Industries, Mining and Trade has said it expects local carmakers to boost exports tenfold during the current fiscal that started in March.
EghtesadOnline: Parliament passed a bill on Tuesday that obliges all local automakers and importers to provide a minimum two-year guarantee to people who buy their new cars.
EghtesadOnline: An industry official says that the Iranian car manufacturers did turn the threats posed by sanctions into the opportunities.