Iran to stop importing CBU commercial vehicles

Business Materials 24 August 2010 17:52 (UTC +04:00)

The Iranian Ministry of Industries and Mines has decided to stop importing CBU (Completely Build Unit, i.e., fully assembled units) of commercial vehicles including buses and minibuses.

The new decision is in line with the ministry's policy meant to support domestic producers of heavy and commercial vehicles.

Iran can open a place for itself among neighbors in the regional market if it can make significant progress in producing commercial vehicles.

Currently due to the high cost of labor in European countries and the added cost of transportation the price of imported commercial vehicles is very high.