Iran's Global Auto Ranking Sinks

The global ranking of domestic automakers has declined from 12th to 21st place over the last decade, which indicates that the industry’s status has worsened
Iran's Global Auto Ranking Sinks
Iran's Global Auto Ranking Sinks

The global ranking of Iranian automakers has fallen noticeably and experts blame numerous factors for this issue.
“Economy cars produced by domestic producers do not have an acceptable quality, so their production should be stopped. With the import of better economy cars, the low-income and middle classes should benefit from quality cars," Minister of Industries, Mining and Trade Reza Fatemi-Amin was quoted as saying by Doynaye Khodro.
This is not the first time that the poor quality of domestic automotive products has been discussed in the current fiscal year (started March 21), but there seems to be no plan for the production of good quality cars.
Although the current state of the car industry is the result of years of wrong policies adopted by the parliament, the government and carmakers, market players are hopeful that correct policymaking and a management overhaul could improve the condition of cars.


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