The second largest economy in the Middle East is poised for foreign investment, if post-nuclear deal jitters can be eased.
As the biggest automobile market in Gulf area with sales of 1.6 million vehicles annually, Iran Chinese auto brands have seen the growth of their brands. Since it entered into the Iranian automotive market, JAC products have gained a foothold.
During the recent Iran Motor Show Chery-MVM JV unveiled the Tiggo 5 SUV. The new vehicle will go on sale in November under the Chery brand.
JAC Trucks recently exported 50 JAC Heavy-Duty Euro IV trucks to Iran.
The Ivory Coast's transportation minister has said the West African nation's public transport sector has demanded replacing its fleet with cars made by the Iran-Khodro Company (IKCO).
Approximately 223,023 cars have been produced in Iran in the first quarter of the current calendar year (March 21 - June 20).
The Iranian government has eliminated the import tariffs on electric and hybrid cars with engines of 2500cc and smaller.
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