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 ...

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...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
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...

Add new comment

Read our comment policy before posting your viewpoints