Falling output over the past two years has made clear the limits of the Iranian government’s ability to grow the automotive sector without foreign partnerships and new investment.
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All tagged SAIPA
Falling output over the past two years has made clear the limits of the Iranian government’s ability to grow the automotive sector without foreign partnerships and new investment.
Iran’s giant automakers, Iran Khodro and Saipa, are in a tug of war with the Rouhani administration over demands to lift price controls. The state-owned firms are seeking to increase prices by 40 percent.
◢ Iran’s automakers have pre-sold more than 1 million vehicles, most of which are earmarked for delivery to customers in the Iranian fiscal year that started in March. But with vehicle production declining at a steep rate, fulfilling these orders will be no easy task.
