Tehran hosts the 3rd edition of Iranian Automotive Industry Exhibition

Tehran hosts the 3rd edition of Iranian Automotive Industry Exhibition


the third edition of the Iranian automotive industry exhibition has got underway in the capital Tehran the four-day event is aimed at helping international car makers get a better view of the Iranian auto market prestigious of gel le is a tenth of the event and filed this report the third Iranian automotive industry exhibition has kicked off in the capital Tehran the event is a first in kind since the implementation of the jcpoa and the removal of sanctions against the country it brings to the other major Iranian and international automakers after oil and gas the auto industry is the biggest economic sector in Iran accounting for 10 percent of the country’s GDP and now that the Western sanctions have been lifted Iran considers boosting its auto industry as a key contributor to its economy it was automotive industry has been in decline in recent years due to the sanctions which limited the import of efficient auto parts this sharply decreased the annual car production in Iran to 700,000 in 2012 down from 1.6 million prior to the sanctions however now the Iranian government is trying to persuade global manufacturers to invest in the auto sector president Hassan rouhani’s January trip to Europe appears to be fruitful in terms of retaining the old nuts with European car makers many big names in the auto industry including Benz Renault and Fiat have expressed readiness to cooperate with Iran Khodro we already have signed contracts with French automaker buzu before the nuclear deal came into effect everyone had to rely on its own resources to cater for the demands of its domestic market Iran Khodro industrial group as the largest and the oldest vehicle manufacturing company in Iran founded in 1962 it possesses an average share of 65 percent of Iran’s vehicle production in Iran Khodro officials say they have changed their policy and will conduct joint projects with global auto producers instead of being a mere consumer definitely you have to have one joint venture that’s why now this we have received so many inquiry from so many companies it means that scenario completely has been changed Cyprus is the second largest Iranian auto company it was established in 1966 was 75 percent he went in ownership to assemble citrons under license for the Iranian market it builds Meili korean cars but has also developed its own engine and range of cars that has now resumed its ties with its french partner we are celebrating 50 years of cooperation between Citroen and Saipa it’s been a very good corporation in the past and we are expecting to renew this cooperation for the future Iranian Automotive officials say the nuclear deal opened new doors for the Iranian auto industry they are predicted that from 2025 Iran will produce around 3 million cars annually 2 million of them for domestic use and 1 million for export missive Jalali Press TV Tehran


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