Will Car Lotteries End?

Industries minister has announced that car lotteries will be eliminated in the fiscal 2022-23 (starting March 21), although it appears highly unlikely under the current circumstances
Will Car Lotteries End?
Will Car Lotteries End?

Industries, Mining and Trade Minister Reza Fatemi-Amin has announced that car lotteries will be ended in the next Iranian year (starting March 21).
“The demand for cars in the country is 1.5 million vehicles. As 1 million vehicles are set to be produced this year, we will have a shortage of 500,000 cars, which will be compensated next year,” Fatemi-Amin was quoted as saying by Tasnim News Agency.
“As per the plans, we are going to increase car production and supply it in proportion to the demand. As a result, the car lottery will be eliminated in the next Iranian year,” he added.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment