Fresh Start for Auto Part Companies
Economy, Auto

Fresh Start for Auto Part Companies

The auto loans helped jumpstart the auto part manufacturing industry, said a member of Iran’s Auto Part Manufacturers Association. Last month, the auto part industry made a fresh start and the auto part companies began to accept several orders, Eghtesad News quoted Farhad Behnia as saying. To help Iran’s ailing auto industry recover, the government introduced a program in November that extended auto loans of up to 250 million rials ($7,300 at market exchange rate). The loans reportedly led to the sale of 110,000 cars within six days. On the benefits of the loan, Behnia added that carmakers have been able to pay back part of their debts to the auto part manufacturers and the industry is not as stagnant as before.  


Short URL : http://goo.gl/I5Bb0X
  1. http://goo.gl/lQlJ37
  • http://goo.gl/Z4pQdA
  • http://goo.gl/zbYqch
  • http://goo.gl/MUq3zc
  • http://goo.gl/CSnwJA

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...