Several prospective companies have withdrawn from the race to import cars because of unspecified tariffs and mechanism for selling the cars via IME.
While automotive experts and players believe that it is not possible to import cars by the end of the year, the possible entry of brands such as Toyota, Mitsubishi, Datsun, Hyundai, Kia and Changan into the Iranian market has been touted by the officials of the Ministry of Industries, Mining and Trade.
Many market players, who had earlier registered for importing cars, have withdrawn from the scheme to import 70,000 cars over lack of clarity regarding the tariff and mode of sale through the Iran Mercantile Exchange.
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