According to a comprehensive foreign news report, Iran’s auto industry has recovered rapidly since the Western countries lifted sanctions against Iran. In order to support the domestic auto manufacturing industry, the Iranian Ministry of Industry recently announced that it will set conditions for foreign auto companies to invest locally.
Iran’s Deputy Minister of Industry, Reza Norouzzadeh, said that Iran’s manufacturing sector should account for 40% of the overall domestic automobile manufacturing industry and plans to increase it to 85% in the next five years, while prohibiting foreign cars from being used in the form of complete vehicles. Iranian domestic imports.
Western countries have stopped economic sanctions against Iran since January 20 this year, which has enabled Iran's auto industry to recover. Iran’s car exports have risen sharply in recent months due to the approval of imported car production materials.
In the first half of the fiscal year of Iran (March 21 to September 22, 2014), Iran’s vehicle production reached 521,585 units, an increase of 74.3% over the same period last year.
In 2012, due to economic sanctions in Western countries, Iran's automobile production fell by 40%, a total of 989,110 vehicles, making it the eighth largest automobile producer in Asia. In 2011, the country was the fifth largest auto producer in Asia with an annual production of 1,648,505 units.
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