14661
Controversial Pricing
Auto

Controversial Pricing

The increase in the price of cars has been set at maximum 8 million rials (about $285 at official exchange rate) per car, according to Reza Shiva, head of the Competition Council, Tasnim reported on Tuesday. The council which is the overseeing body in regards to pricing on all goods and items has come under intense scrutiny in recent weeks for allowing carmakers to put up their new car prices. The body, which shouldn’t play a direct role, has been pushed into the limelight due to members of the government criticizing their practices and questioning their motives. Iran’s official car prices are set annually, and with this any changes to the agreed purchase prices causes consternation across the board.

 

Short URL : http://goo.gl/yxUsZh

You can also read ...

E-Jing GT electric sports car concept
The Beijing International Automotive Exhibition is a barometer...
Audi Recalling 1.16 Million Vehicles
Volkswagen AG’s luxury unit Audi said on Tuesday that it was...

Trending

Googleplus