Business And Markets

Gov’t Suspends Auto Offer at IME

The suspension came just before the prescheduled offer of 430 cars on Wednesday, namely the Chinese-made Dignity and Fidelity assembled by local carmakers
Gov’t Suspends Auto Offer at IME
Gov’t Suspends Auto Offer at IME

The Industry Ministry says selling cars at the Iran Mercantile Exchange is incompatible with current rules to regulate the auto market. 
Manouchehr Manteqi, deputy minister for transportation affairs, said this in a letter to Hamed Soltani, the IME managing director. 
Manteqi referred to a ruling by High Council of Economic Coordination in October 2021 in which the ministry was mandated with regulating the auto market saddled with declining quality and rising prices unseen in decades. 


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