Auto Industry is the 2nd biggest industry of Iran after Petroleum Industry. Iran is in Rank 20 in the world in producing Autos and Auto Industry. There has been different updates in Iran’s Auto Industry that worth looking into. It can give us a good sense of the Market. Here is a Digest to what happened last week:
IranKhodro, the major Auto Company in Iran, has reported 8% growth in in the first quarter of the current fiscal year. IKCO recently said the Peugeot 2008, Dena+ and face lifted DaciaLogan (sold as a Renault Tondar) will all go on sale in the coming weeks.
On the subject, it is interesting to point that, the final price of Peugeot 2008 still remains vague. According to laws governing auto presale, carmakers should not demand more than 50% of total price as deposit. Thus the $16,000 down payment indicates that the car is probably going to be sold for at least 1.2 billion rials ($32,000). This is while Officials have announced that the price for Peugeot 2008 would be rials ($24,000 to $26,600), depending on the options.
On another subject, Urmia, is to host an exhibition of vehicles and auto parts from July 4-7. said the manager of expos in the city. Urumia is the largest city in WestAzarbaijan Province. It is also very close to the borders of Turkey, Armenia and Azerbaijan.
Manufacturers and importers of light and heavy duty vehicles, auto parts as well as after-sales service providers and insurance companies will attend the event, the local auto website Persian Khodro reported.
Government Car Import Plan Will Create New Monopolies
Allowing import permits to auto manufacturers alone will give them ample space for monopoly. it will allow them to consolidate their position in the auto industry. says head of Iran’s Auto Importers Association, reported Financial Tribune. Granting import permits only to domestic automakers, some of whom are ostensibly producing one or two models of the same brand to get the permits, will limit buyers’ options and not do justice to customers.