Iranian, Brazilian car parts makers to talk boosting co-op
Baku, Azerbaijan, May 6
By Fatih Karimov – Trend:
Iranian and Brazilian auto parts suppliers will discuss boosting mutual cooperation, IRIB news agency reported May 6.
A delegation of 10 large Brazilian auto parts suppliers will visit Tehran May 10, Aram Razzaghi, a consultant to the delegation said.
The representatives of Brazilian car parts makers will participate in a seminar hosted by IDRO (Industrial Development & Renovation Organization of Iran) on May 11, Razzaghi added.
He further said that the delegation members will hold mutual meetings with Iranian counterparts as well to discuss investment opportunities and expand commercial and technological cooperation.
Planning for transfer of technology and attraction of foreign investment as well as cooperation in manufacturing new auto platforms based on market demand and export promotion are the main partnership topics of Iranian and Brazilian auto parts suppliers, Razzaghi added.
Over 1.350 million cars were produced in Iran in the last Iranian fiscal year (ended March 20, 2017), 37 percent more year-on-year.
Iran’s car output reached 982,337 units in 2015, according to the International Organization of Motor Vehicle Manufacturers (OICA). The figure indicated a 9.9-percent fall year-on-year.
Iran was the world’s 20th biggest car manufacturer by end of 2015, while the country stood at the 18th place in the first half of 2015.
The 2014 production statistics by the OICA indicates that Iran’s car production increased by 46.7 percent and stood at 1.1 million cars.