Iran bans importing cars of up to 2500CC engines
Azerbaijan, Baku, Jan. 6 / Trend F.Mehdi/
Iran's Ministry of Industry, Mine, and Trade has recently banned importing cars with engines of up to 2500CC capacity, the Mehr News Agency reported.
Based on the ministry's decision, just 28 models of cars are allowed to be imported.
During the first nine months of the current Iranian calendar year (March 20-December 20, 2012), more than 30,000 passenger cars, valued at about $706 million were imported into Iran, showing 13.5 percent rise in value, but 0.84 percent fall in number compared to the same period last year.
The UAE, South Korea, and China were the main sources of car imports during the mentioned period of time.
Iran's automobile market is highly protected against imports, allowing import of only 40,000 vehicles last year, despite steadily growing demand mostly met through domestic production of some 1.6 million cars per year.
Currently there are an estimated 14 million vehicles on Iran's roads, more than double of the six million registered in 2005.
Iran's car output in the first six months of the current calendar year (ended on September 21), fell by 42 percent compared to the same period last year.