Imported auto parts have been languishing in customs warehouses as restrictive regulations have put the brakes on commodities getting clearance for entering the country, leading to a slide in Iran's automotive output.
Currently, a large part of raw materials and auto parts are stuck in warehouses of the Islamic Republic of Iran Customs Administration, with rigid bureaucratic regulations hampering their release.
The recently introduced import regulations have been censured by private firms as being draconian, as they have devastated auto parts makers, bottlenecked supply chain and impeded activities of Iranian carmakers, reported local automotive website Asbe Bokhar.
According to statistics released by the Industries Ministry, during the one month spanning from May 22 to June 21, Iran's automotive output dropped from 134,802 cars a year ago to 108,334, indicating an outstanding 19.6% decline. The numbers are significant since Iranian carmakers for long have been on a production spree, and such a drop in their output has been something unheard of for years.
July 14, 2018 16:21
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With Supply Chain Bottlenecked, Car Production Declines in Iran
Draconian customs regulations have stalled the release of imported auto parts, hampering car production and bringing about a 19.6% year-on-year decline in Iranian automakers’ output in the month spanning from May 22 to June 21
The numbers are significant since Iranian carmakers have been on a production spree, and such a slide in their output has been something unheard of for years
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