Iran monthly car imports up 70 per cent

Azerbaijan, Baku, Apr.16/ Trend F.Milad‎‏/ Iran imported 44,341 cars worth over 1.084 billion dollars in the previous Iranian calendar year which ended March 20. The amount shows a 30.59 per cent and 11.3 per cent increase in terms of value and number respectively, compared to the preceding year, the ISNA News Agency reported. Iran also imported 5938 cars in the last month of Iranian calendar year which is 38.64 per cent more than the same period of the year before. The value of the imported cars stood at 114.5 million dollars which shows a 70.17 per cent rise. On February 3, ISNA reported that the Iranian administration has decided to reduce car import charges by five per cent in a bid to create a balance in prices of cars in the domestic market. Car import charges will be decreased by five per cent in the next Iranian calendar year which begins on March 21. Industrial Development and Renovation Organisation's chairman Gholamreza Shafei said in December 2012 that the main problem facing the Iranian car industry is not international sanctions, but the shortage of revolving capital. Iranian carmakers are manufacturing at 50 per cent of their nominal capacity, he said. This is due to a shortage of capital, the Fars News Agency quoted him as saying. 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. Do you have any feedback? Contact our journalist at agency@trend.az