Over 92 percent of Iranians prefer lifting a years-old ban on importing foreign cars over keeping the restriction in place in favor employment in the domestic auto-industry sector, a survey has revealed.
The Western sanctions on Russia over the conflict in Ukraine has provided a new opportunity for Iran’s automobile and auto parts industry to gain a firm foothold in its northern neighbor’s markets, an Iranian official says.
A major car tire production factory on a suburb of the Iranian capital Tehran has gone bankrupt. Kian Tire which is in Chahar Dangeh town near Tehran was launched before the Islamic Revolution of 1979.
If Iran lifts a car import ban and foreign products worth $500 million are allowed to be imported with a tariff rate of 86%, the government will make 98,000 billion rials in revenue.
An Iranian-made Paykan presented by the former king of Iran Mohammad Reza Pahlavi to Nicolae Ceaușescu, the former president of Romania, in 1974 has been sold at an auction for 95,000 euros.
Iranian lawmakers have given their vote of confidence to President Hassan Rouhani’s nominee for the Ministry of Industry, Mine and Trade, Alireza Razm-Hosseini.
Formerly used as a garage, the vintage car museum of Tehran’s Niavaran Palace houses the Pahlavi family's private cars, small motorcycles owned by their children, and some car replicas.
Iran has given death penalties to a man and his wife who had hoarded more than 6,700 automobiles and disrupted the car market and are also convicted of money-laundering involving a sum of 32 trillion rials.
The Iranian president has instructed the caretaker of the Ministry of Industry, Mine and Trade to adopt the necessary measures to manage the market and support businesses amid COVID-19 pandemic.
President of Iran Hassan Rouhani has decided to dismiss the minister of industry from his post and assign a caretaker to the ministry to handle the confusing situation in the domestic car market and ensure a steady supply of basic commodities amid the cruel sanctions against Iran.
Iranian President Hassan Rouhani has unveiled four new cars developed by Iranian auto manufacturers on the sidelines of a cabinet session on Wednesday.
Defence Minister of Iran Brigadier General Amir Hatami says his ministry is providing assistance for the local automakers for the purpose of defeating the cruel sanctions and supplying the components that have been subject to the sanctions.
Iran's defence ministry has unveiled a series of domestically built military vehicles, which it says will diversify the country's arsenal after four decades of sanctions imposed by the US.
Asghar Qandchi, founder of the truck manufacturing company Iran Kaveh, has died at the age of 91 after years of unremitting efforts in the truck and trailers industry in Iran.
A major Iranian auto parts maker says it has gained the technology needed for manufacturing the airbag control unit (ACU) amid sanctions that have restricted Iran’s ability to import high-tech parts needed in its automotive industry.
The Iran Khodro Company (IKCO) has officially inaugurated a production line for Peugeot 301 more than three years after the French owner of the car pulled out of a partnership with the Iranian company citing the threat of American sanctions.