Domestic production is one of the best options from among the three considered by the Ministry of Industries, Mining and Trade for supplying economy cars, according to a faculty member at Iran University of Science and Technology.
“The three options were production with domestic design, production with foreign design and import,” Javad Marzban-Rad also told Khabar Khodro.
Economy cars possess basic technology and simpler parts compared to luxury and high-tech cars, and have high demand mainly because of their low price.
“Economy cars cost under 3.5 billion rials [$11,006] that a majority could afford. The more features, engine power and technology the car has, the higher its price will be, which will also take it out of the economy car category,” the faculty member said.
Marzban-Rad, who is also an automotive expert, noted that considering their low-level technology, simple parts, high production volume, low price and rising demand, economy cars could be easily supplied by domestic automakers.
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