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Doors never to be opened for importing foreign cars to Iran

Business Materials 2 September 2015 15:46 (UTC +04:00)

Baku, Azerbaijan, Sept. 2

By Fatih Karimov - Trend: Doors will never be opened for importing foreign cars to Iran, said Iranian Deputy Minister of Industry, Mining, and Trade Mojtaba Khosrotaj.

"People may think that after the nuclear agreement, foreign carmakers will enter the Iranian market and will supply their products. But that will not happen, because we want to support domestic manufacturers," IRIB quoted Khosrotaj as saying on September 2.

Meanwhile, Mohammad Reza Najafimanesh, the spokesman for the Iranian car industry's policymaking council, said that designing a car platform is being implemented for the first time in Iran in cooperation with an Italian company.

He added that plans are underway to prevent making a specified kind of car for more than ten years in the country.

The issue will lead to decline in consumer prices of domestically manufactured cars, he noted.

Global automakers are in a race for new business in Iran following the July 14 signing of a nuclear accord between Iran and world powers, which will end economic sanctions against Iran in exchange for restrictions on its nuclear program.

Car manufacturing in Iran rose 8.4 percent in the first four months of the current Iranian fiscal year (March 21-July 22), compared to the same period of time last year.

Iranian carmakers manufactured 356,239 vehicles in the four-month period.

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