Auto Demand Projections  by 2025
Economy, Auto

Auto Demand Projections by 2025

Iran’s Ministry of Industries, Mining and Trade has predicted that the annual demand for passenger cars and pickup trucks in Iran will reach 2.3 million units by March 2025. This has been published in a document detailing the goals and policies for developing Iran’s auto industry by March 2025, ISNA reported. The report also states that two million cars will be manufactured in Iran while the remaining 300,000 will be procured via imports. In the last Iranian year (ended March 19, 2016), fewer than one million passenger cars and pickup trucks were produced by Iranian car manufacturers.  The Ministry of Industries, Mining and Trade has set the production goal for the current Iranian year at 1.3 million units. Projecting demand for industrial goods and adapting production to demand are one of the most important prerequisites for drafting development plans.

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