MIMT Outlines Strategies to Regulate Automotive Market

The Ministry of Industries, Mining and Trade has devised strategies for the automotive industry in the new Iranian year (started March 21) to set production records and regulate the market.
“The first step of the car reform plan is to boost the production of Iran’s major carmakers, which is possible by adjusting [read increasing] the prices of domestic products,” Abdollah Tavakkoli Lahijani, the head of the Industries Ministry’s Automotive Industry Office, told IRNA.
“Car production exceeded 1.3 million units in the fiscal 2022-23 after four years, wherein production was around 800,000 cars per annum and incomplete cars had piled up in parking lots,” he said.
“We plan to break the country’s car production record this year and reach the production of more than 1.6 million units.”