Ministry Sets Grand Auto Export Targets
Economy, Auto

Ministry Sets Grand Auto Export Targets

Iran plans to export cars and spare parts worth $3.1 billion in the Iranian fiscal year 1396 (March 2017- 18).
The Ministry of Industries, Mining and Trade has predicted that $2.2 billion worth of cars and $900 million of spare parts will be exported in the period, ISNA reported. The export of cars and spare parts are projected to hit $15 billion and $6 billion, respectively, in the Iranian fiscal year 1404 (March 2025-26).
The country manufactured 1.13 million vehicles in the last Iranian year (ended March 20, 2015), showing a 53% growth compared to the preceding year.
The automobile industry, the biggest non-oil sector of Iranian economy, comprising around 10% of gross domestic product, boomed over the decade ending in 2011 due to government support and the dearth of international competitors in the monopolized domestic car market.
Latest data show Iran ranks 18th among the world’s top auto manufacturers.


Short URL : https://goo.gl/SyVCvs
  1. https://goo.gl/lULrGS
  • https://goo.gl/hdTHgb
  • https://goo.gl/xDasnX
  • https://goo.gl/txb7zw
  • https://goo.gl/dJDaEj

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...