‘Auto makers from 6 countries to enter Iranian market’
Car manufacturers from six countries, mostly European, are set to participate in Iran’s auto market, says an industry official.
The spokesman of Iran’s Auto Policy-Making Council, a regulatory body under Iranian Ministry of Mines and Industry, told reporters on Monday that companies from Austria, France, Germany, Italy, Japan and Turkey will take part in Iran’s auto market, Fars news agency reported.
The official added that companies from Japan and Italy might have a more pronounced role to play in the future market.
European carmakers are in a race for fresh inroads into the country of 80 million people, which is being promoted as the region’s biggest automotive market.
Back in November, officials said an Iranian car manufacturer was in talks with Italian automaker Fiat SpA to produce cars in Iran, which is billed as the Middle East’s biggest auto market.
Also, in August Iran Khodro, the country’s largest automaker, said the Iranian giant and Daimler’s subsidiary Mercedes-Benz would sign a deal "soon” for production of luxury cars and commercial vehicles.
The automaker is one of Iran Khodro’s oldest trade partners, producing luxury cars, vans and buses.
Another German company, Volkswagen, also held negotiations with Iran Khodro for the production of cars and investment in Iran, as well as transfer of technology.
Many Iranians are wary that some European countries might be coveting the country's market merely as a destination for exports instead of making investment.
The auto industry is the second largest source of foreign currency and foreign technology for Iran after oil.
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