Think Tank, Parts Suppliers Propose Rescue Package for Iran Auto Industry

In separate proposals, Iranian auto parts makers union and local think tank ITAN have put forward suggestions they believe if implemented by the government can help address the problems the country’s beleaguered auto industry is facing and calm the current turbulent market.
During the past two months, car prices have skyrocketed in Iran outraging the public. Furthermore, due to the reimposition of US sanctions against Iran’s key automotive sector, manufacturers are faced with various hurdles and are struggling to keep their production lines rolling.
To work out a solution, the Iranian Auto Parts Manufacturers Association (IAPMA) has come up with three measures to lower costs, while the ITAN think tank has submitted a letter to Vice President Es’haq Jahangiri, elaborating on two ways that can curb the inflation in the auto market.
The government of President Hassan Rouhani has neither reacted to the letter penned by ITAN think tank members nor to the suggestions by industry insiders so far.