Iranian Automotive Industry, Forecast To 2022 Industry Investigation
Iran automotive industryInternational trade credit insurer Coface says international sanctions have been limiting the development of Iran’s automotive sector which was previously the largest automobile producer in the Middle East. Several national brands exist, such as Iran Khodro, SAIPA, Pars Khodro, Kerman Khodro, and Bahman that produce a assortment of diverse models (such as Samand, Tiba, Dena, and so forth). IKCO and SAIPA are the most significant automotive producers and with each other own a lot more than 79% of the total market share. Executives at Iran Khodro, the country’s top auto producer, and at other manufacturers declined requests to be interviewed for this report. But they complained that sanctions targeting the auto sector hurt only the Iranian folks, citing the 700,000 Iranians — some 4 percent of the workforce — who operate in the auto industry.
In conclusion Iran has a properly-established automotive sector with a excellent possible market. …
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