A 3 Year Plan for Renovating Auto Part Industry

KhodroCar – "IKCO is the leader of automotive industry in Iran as it has more share of production, but the history is showing that we could do better in this industry and we hope to be better in the future with a good plan." The minister of industry, mine and trade, Mohammad Shariatmadari said in the Dena Plus and Automatic Peugeot 207 mass production beginning ceremony.

"The points of 2025 prospective are achievable and we have 17 percent, increasing in the auto production till the last month." He continued. "The government's share in the auto industry should be falling to zero and we have a strong plan for privatization of IKCO and Saipa and we are not agreeing to semi-privatize at all."

"We have some problems in our financial system and automakers are facing serious problems. Right now, 40 thousand billion IRRs finance is needed in the auto industry as working capital to achieve predicted goals." Shariatmadari said. "One of our problems in auto part industry is lacking of a hyper auto part manufacturer. We have a 3 year plan for renovating the auto industry."

"We need real joint ventures and if we are going to develop the automotive industry, then we have to focus on exiting worn – out cars." The minister of Industry, Mine and Trade added. " One of the main problems in the auto industry is economical production rate. The production rate of a factory shouldn’t be under 200 thousand vehicles annually."

KhodroCar Translator: Amin Zamani