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Iran's car exports tripled to $294m in 11 months

Source: Tehran Times

Iran exported 49,952 cars, valued at about $294 million, during the first eleven months of the current Iranian calendar year, which began on March 20, 2012, the Mehr News Agency reported. During the same period in the previous year, 18,455 cars, worth $96 million, were exported. Iraq, Ukraine and Azerbaijan were the main importers of Iranian cars.

Meanwhile, 38,399 cars, valued at $932 million were imported into Iran during the 11-month period. The UAE, South Korea, and Kuwait were the main sources of car exports.

On February 3, ISNA reported that the Iranian administration has decided to reduce car import charges by 5 percent in a bid to create a balance in prices of cars in the domestic market.

The car import charges will be decreased by 5 percent in the next Iranian calendar year, which begins on March 21.

Iran plans to manufacture at least three million cars by 2025 and export some one million sets, Iranian Industry, Mines, and Trade Minister Mehdi Ghazanfari said on June 16.

... Payvand News - 03/05/13 ... --

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