Economy, Auto

Kerman Motor Offers to Recompense Elantra Buyers

Hyundai ElantraHyundai Elantra

After local media reported that the South Korean carmaker Hyundai has suspended its collaborations with its Iranian partner Kerman Motor, customers who have placed preorders for Hyundai cars assembled in Iran were bewildered. Kerman Motor has now introduced reimbursement packages. 
Kerman Motor launched the presale of Hyundai Elantra earlier in January. The model was priced at 1.48 billion rials ($35,230) and customers were charged 700 million rials ($16,600). After the reported suspension of Kerman Motor-Hyundai collaborations, the Iranian firm has not been able to produce the Elantra. Therefore, customers have been provided with two options as compensation.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment