Chairman of International Committee for MENA Region of India’s PHD Chamber of Commerce and Industry (PHDCCI) Mr. Vijay Mehta says India is keen to invest in Iran’s auto industry and expressed hope for removal of current problems in way of economic cooperation between the two countries.
When the US unleashed its most aggressive sanctions ever on Iran in August 2018, it reserved the first hammer blow for the car industry to hurt as many Iranians as possible.
Auto parts manufacturers of Iran need nearly $2 billion to manufacture the auto parts required for producing 1.2 million vehicles in the country.
TEHRAN (Iran News) – The secretary of Iranian Auto Parts Makers Association said 40,000 workers who were dismissed by the country’s auto parts manufacturing have been re-employed following a boom in the auto industry, ISNA reported on Saturday. Maziar Beyglou noted that if the current production trend continues, “we will expect an increase in the […]
The industry ministry has allocated €844 million to support the country’s auto parts manufacturers, director general of the industry ministry’s automotive and transportation industries office said.