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Gov’t Pushes to Curb Auto Industry’s Import Reliance

The initiative to increase the share of domestic auto parts in local production has been launched by the Industries Ministry
Gov’t Pushes to Curb Auto Industry’s Import RelianceGov’t Pushes to Curb Auto Industry’s Import Reliance

With the domestic development and production of 70 key auto parts since July 2019, Iran’s automotive industry has curbed capital flight amounting to €127 million, said a deputy industries minister.
The initiative to increase the share of domestic auto parts in local production has been launched by the Industries Ministry.
Several meetings have been held in the past few months between government officials and industry insiders in this respect, Saeed Zarandi also told Tasnim News Agency.
According to Zarandi, during these meetings, deals were forged with domestic manufacturers for the production of 68 key auto parts and several high-tech items imported in the past.

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