Tehran, Iran, May 1
By Kamyar Eghbalnejad – Trend:
The 7th international automobile exhibition of Iran is scheduled to formally start its work in Tehran’s Permanent International Fairgrounds on May 19.
The exhibition is known as the largest international market of automobile of Iran.
Representatives from more than 100 domestic and foreign car-manufacturing companies will take part in the three-day event, IRNA news agency reported.
The event will be aimed at reviving Iran's domestic auto industry, promoting innovation in car-manufacturing and identifying new export markets.
Mercedes Benz, Volkswagen, Renault, Peugeot, Kia and Toyota will be among the participating companies.
Iran's key automotive sector experienced a significant surge during the fiscal year which ended in March. With 1.534 million units rolling out of factories, the companies collectively recorded a 13.7 percent year-on-year growth.
Data released by the Ministry of Industries show that during the one-year period, 1.441 million passenger cars were produced by local firms indicating a 14.8 percent year-on-year increase. The businesses have over 50 models on offer.
With the exception of pickup trucks, all fields of the sector observed an increase in their annual output. Pickups are the second most manufactured automotive products in the country.