Sanctions against Iran back in 2012 caused a huge load of discussions regarding the compensations that global car makers must pay Iran as they were the other party to the mutual automotive contracts with Iran. The party that left the country and abandoned the terms of the agreements and contracts so it is inevitable to pay some compensations. The question is that must there be any compensations during or because of sanctions?
Auto market is still in inflammation, one day prices decrease and other day they rise again. The final price of products are too high for producers due to different options so they are trying to force the national competition council to increase prices or the president announce free pricing for cars.
As India celebrates Independence Day, the other good news is that the country's booming auto industry is swiftly headed to the world No. 3 spot, sooner rather than later.
In the recent years automakers tried some special plans for sale and presale to supply their required working capital. By preselling, they have production schedule and it’s a way to ditch the waiting for bank loans and even satisfy their customers.
German automotive supplier Duerr has halted its activities in Iran, which has been hit by the reintroduction of U.S. sanctions this week that include threats to blacklist any companies trading with the Islamic republic.
After the tensions of exchange rate and vehicle market, last week, due to the decisions of the government, now, car makers have a good incentive to raise their car prices. Meanwhile, the auto part manufacturers’ fate remains unknown.
It was planned that auto industry move toward privatization according to the law and the government stop its supportive look at this industry but this isn’t happening and even it got worse.