The past several months have been something very close to a nightmare for auto parts makers and understandably so. Layers of red tape, economic headwinds from all four directions plus disturbing changes in government regulations on almost a daily basis is taking a high toll on the beleaguered industry and has slashed their output by half, secretary of the Specialized Manufactures of Auto Part Association says.
Mohammad Reza Najafimanesh says, “The output of parts makers has declined significantly and if the [economic] conditions do not change, they will be forced to shutter their business.”
Iran Auto Parts Makers and Unending Predicament
Layers of red tape, economic headwinds from all four directions plus disturbing changes in government regulations on almost a daily basis is taking a high toll on the beleaguered industry
Due to the omnipresent problems associated with the supply of raw materials, production rates of parts makers, and by extension carmakers, have taken a beating
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