66256
 Iran Parts Makers May Merge
 Iran Parts Makers May Merge

Iran Parts Makers May Merge

Iran Parts Makers May Merge

Iran's Automotive Policy Council is considering the possibility of merger of auto parts manufacturers to cut costs and to cater to the needs of the market which is facing shortage in auto parts supplies.
During a session held on Thursday attended by Saeed Madani, deputy minister of industries, mergers were proposed.
According to Madani the council believes in the need to merge different firms active in the field of manufacturing motors, gearboxes, axels and other auto-parts so as to bring out the best in domestic capabilities.
Madani said the mergers would benefit the industry as it will "remove the problems related to spare part supplies."
The excessively wide variety of heavy duty vehicles which have been imported in the recent years — with no governmental oversight— has overburdened the local auto parts makers.
According to the official, the excessive variety has rendered mass production of parts for single models unfeasible. Therefore, as the required parts are not always available, they have to be imported.

 

Short URL : https://goo.gl/dPxPUR
  1. https://goo.gl/ckRFgJ
  • https://goo.gl/U3UCf7
  • https://goo.gl/Jnw1tB
  • https://goo.gl/WztxkW
  • https://goo.gl/HPc67S

You can also read ...

WTO Accession No More a Priority for Iran
Joining World Trade Organization is no longer a priority for...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
TSE’s Average P/E at 5.6
The average price to earnings ratio of Tehran Stock Exchange-...
Iran’s per capita egg consumption stands at 198.
Hit hard by the H5N8 bird flu virus last year, the Iranian...
The price of foreign cars is likely to jump again with new import guidelines.
Ministry of Industries, Mining and Trade has stopped issuing...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus