Tehran Auto Show

Auto industry explores ways to address upcoming US sanctions

Financial Tribune- Key players in the Iranian auto industry are pooling all their resources to address the tumultuous state of the industry and the car market in recent months and work out strategies that could help sustain the sector in the face of upcoming economic sanctions by the US.

Carmakers’ representatives, parliament members and directors of auto part manufacturers from across the country exchanged views on the matter during a session held by the Iranian Specialized Manufactures of Auto Part Association at the Iran Chamber of Commerce on Sunday, the association’s website reported.

Overshadowed by the absence of representatives from the Industries Ministry and Iran Khodro, the gathering put together a list of demands they expect the government and lawmakers to accommodate.

The makers have demanded an update in auto part prices according to the current inflation rate and the skyrocketing costs of raw materials.