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Iran sells over $15b of cars in fiscal year: official

SHAHR-E RAY, July 5 (Mehr News Agency) - Deputy Iranian minister of industries and mines here on Saturday announced that Iran has sold $15 billion worth of cars over the past fiscal year.

Ahmad Qal'ebani, also the director of Industrial Development and Renovation Organization of Iran (IDRO), said that in 1993, Iran's sales of automobile industry was less than $1 billion. Moreover, the country imported some $800 million worth of parts.

Speaking on the sidelines of the inauguration ceremony of Iran Delco Company, he added that this progress indicates the vast efforts of the country's automakers and especially parts manufacturers.

He went on to explain that Iran Delco is a company manufacturing catalytic converters for the cars' exhaust gases. It is the only company in the Middle East that produces high quality TWC (three way catalytic converters).

Qal'ebani added car parts manufacturers are proud of this achievement which was attained through the endeavors of an Iranian scientist.

"15 years ago we could not imagine that we would be able to establish such manufacturing units," he said.

He expressed hope that similar advanced units will be established in the car-making industry.

... Payvand News - 07/05/08 ... --

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