The condition of car component makers is worse than it was last year, a member of the Association of Homogeneous Propulsion Industries and Component Manufacturers said.
“Their financial situation, which goes back to the payment conditions of car manufacturers, has created conditions worse than that of the previous fiscal year,” Yousef Haqiqi was also quoted as saying by the news portal of Donyaye Khodro.
"The automotive industry was expected to receive credit facilities worth 100,000 billion rials [$326 million] to help boost their liquidity and turnover, but this did not happen,” he added.
Haqiqi stressed that the president's order to increase production was also supposed to help the car industry, but so far nothing has happened.
May 30, 2022 19:43
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Car Component Makers Worse Off
As the approach of the automakers has changed, their part orders from the component makers has decreased
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