34981
Japan Auto Firms Exploring Opportunities
Economy, Auto

Japan Auto Firms Exploring Opportunities

As sanctions on the Islamic Republic have been removed by Tokyo, Japanese automotive companies have begun to explore opportunities to tap into the Iranian automotive industry.  Japanese companies, including Toyota Motor, Nissan Motor and Mazda Motor, which had long anticipated this moment, aim to quickly restart exports, Nikkei Asian Review reported. Some car companies have begun procuring parts and planning deliveries since last fall in hopes of jumping back into the market, which sees over 1 million new vehicle sales annually.  Isuzu Motors is also considering resuming the export of commercial vehicles. However, as formal as their announcements are, all companies, including part US-owned Mazda, have been either producing models in Iran or importing even during the height of sanctions.  Mazda has continued in recent months with a joint deal with a local automaker to produce an older version of the Mazda 3 sedan, Nissan has had a local dealer and Toyota and Mitsubishi never shuttered their showrooms in large cities like Tehran.

 

Short URL : https://goo.gl/fAiKSE
  1. https://goo.gl/D8HKkG
  • https://goo.gl/2ah4U6
  • https://goo.gl/mPBUhA
  • https://goo.gl/9H2vBh
  • https://goo.gl/9OKpsb

You can also read ...

Iran Missing Advantages of Foreign Banks’ Presence
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Oman Eyes Iran Market Amid Rising Imports
Ithraa, Oman’s inward investment and export promotion agency,...
With the increasing demand for EVs, almost all automotive giants in the world are investing heavily in R&D.
Iran should hasten to catch up with global automotive trends,...
Luxgen’s S3 is a 5-seater subcompact sedan equipped with a 1.6-liter, 116 hp gasoline engine.
Local company Arman Motor Kavir is set to unveil two imported...
Iran Exim Bank Tapping NDFI Resources
Export Development Bank of Iran–the country's exim bank–is to...
Transport MoU With South Korea
Iran and South Korea have signed a memorandum of understanding...
Billet and bloom shipments made up the bulk of exports, reaching 1.78 million tons, up 28% year-on-year.
Iran’s semi-finished steel exports during the first seven...
Local producers have often called  on the government to increase import tariffs on tires.
In order to “protect domestic production”, the Industries...

Trending

Googleplus