Iran plans to merger car manufacturers
Baku, Azerbaijan, Dec.20
By Fatih Karimov - Trend:
Iran plans to reduce the number of car manufacturers by merging them, Iranian Industry Minister Mohammad Reza Nematzadeh said.
Nematzadeh said the high number of car manufacturers is not beneficial to the country, Iran's Mehr news agency reported on Dec. 20.
"To make car production economically justified, we should move toward merging car manufacturers," he said.
He added that technological cooperation with foreign partners is a must in this case.
About 96,648 cars have been produced in Iran in the 8th calendar month of the current Iranian year (October 22-Nov. 22).
The figure is 6,590 cars less than its preceding month, Iran's Fars News Agency reported Dec. 8.
Iran's automobile output faced a 40 percent decrease in 2012 due to the sanctions. The country was Asia's fifth largest car manufacturer in 2011, with a total output of 1,648,505.
Western countries suspended certain sanctions against Iran as the Geneva nuclear deal came into force on January 20. Iran was permitted to import materials for its auto-manufacturing sector as a result of the nuclear deal implementation, which has led to a sharp increase in the country's auto exports in recent months.