Auto Spare Parts Market Unstable

Domestic spare parts manufacturers are facing production problems, as the supply chain of raw materials has run aground.
Spare parts producers have to import some of the vital raw materials since they cannot be supplied domestically, which has become problematic due to sanctions, forex rate fluctuations and poor currency allocation.
Navid Habibi, a spare parts manufacturer, told Khabar Khodro that companies importing raw materials and producing spare parts have been waiting for currency allocation for a long time.
“A large number of spare parts manufacturers stopped their production lines due to the lack of raw materials in the 12th month of the fiscal 2022-23 [Feb. 20-March 20], which will have its ramifications on the market in the next two to three months,” he said.
He mentioned that importers literally suffered “a stroke” due to the non-allocation of foreign currency and the sudden jump in forex rates.