Iran’s car imports fall 21% in 2 months
6/11/2013 11:35:35 AM
Abbas Memarnejad added that the imported cars were valued at $93 million, IRNA reported.
South Korea, Japan, and the UAE were the main source of exporting cars to Iran, he added.
Iran imported over 44,000 cars, worth more than $1 billion, during the past Iranian calendar year.
The imports showed 11.3 percent rise year on year.
The Iranian car industry will not be stopped as a result of international sanctions, IRNA quoted the Iranian Industrial Development and Renovation Organization's chairman Gholamreza Shafei as saying.
Shafei added that the main problem facing the Iranian car industry is not international sanctions, but the shortage of revolving capital.
A high percentage of car parts are being manufactured domestically, he said, adding that rising foreign currency exchange rates and production costs increased the car industry’s need to liquidity.
On February 3, ISNA reported that the Iranian administration has decided to reduce car import charges by 5 percent in a bid to create a balance in prices of cars in the domestic market.
Industrial Development and Renovation Organization’s chairman Gholamreza Shafei said in December 2012 that the main problem facing the Iranian car industry is not the international sanctions, but is the shortage of revolving capital.
Iran plans to manufacture at least three million cars by 2025 and export some one million sets, Iranian Industry, Mines, and Trade Minister Mehdi Ghazanfari said on June 16.