The event will also see a large participation from major international and Indian battery manufacturers and battery supply chain and recycling companies. More than 10 leading companies will also be showcasing EV infrastructure services including charging stations and battery swapping solutions during the event.
4 months ago, during the Mashad auto show, ILIA automotive group unveiled a new 7-seater crossover that would be a serious competitor to the current vehicles in Iran’s market.
At the same time, the competition council was removed from the pricing cycle of the automobile industry after years of unsuccessful participation, and with the removal of this mandated model, the question arises whether we will soon witness a repeat of the successful experience of removing the gap between the factory and the market price through pricing on the edge of the market. Will the Ministry of Industry proceed with pricing based on the cost price of car manufacturers or will it consider another formula to determine prices?
Companies such as BYD and Nio are targeting overseas markets, leaving governments torn between encouraging greater take-up and protecting domestic manufacturers
The Tehran International Automobile Exhibition will be held from 22nd to 24th February, 2024, with the tact and support of the government and city management, and with the slogan of moving forward towards the blue sky.
The essence of Xtrim lies in the motto Born For More, and Xtrim does not set any limits to achieve it technologically. Xtrim is trying to push the boundaries of technology and luxury in Iran's automotive industry by producing and supplying luxury products in Iran and to gain its position as the leader of the luxury car market and a leading car manufacturer.
It seems that with the decision of the Minister of Industry to change the source of supply of foreign currency to assembly car manufacturers, currency stories in the auto industry have become an endless story.
News coming from the auto industry is mixed as the year draws to a close. Revenues and profitability are improving*, but employment and investments in the EU fall behind expectations at a time where international competition increases. A difficult environment to navigate for industry and for policy makers.
In the decision made by the Council of Ministers, two thousand passenger cars with a priority of electric and hybrid vehicles with a commercial profit of 1% will be imported and cleared.
In 2022, the Chinese automotive industry overtook the Japanese automotive industry to become the world's second-largest auto market. This was a significant achievement for China's automotive industry, which has been growing rapidly in recent years.
Meanwhile, more than a year has passed since the formation of the strategic alliance between Iran Khodro and Saipa, and during this time, not only has there been no action in this regard, but it seems that with the change of management in the automobile industry, this alliance has been forgotten.