When the Tehran International Motor Show opened, it brought together over 200 vehicles from nearly 30 brands from around the world. The show was the first one in Iran after the international community lifted sanctions.
Groupe Renault, PSA Peugeot Citroën, and Mitsubishi FUSO Truck and Bus Corporation (MFTBC) will increase production in Iran or return to the country following the lifting of economic sanctions on Jan. 16.
Daimler Trucks is setting the course for its return to the Iranian market, having signed letters of intent with its local cooperation partners Iran Khodro Diesel (IKD) and the Mammut Group.
Daimler’s commercial vehicles division plans to re-enter the Iranian market, as sanctions against the nation look likely to be lifted.
According to recently released TechSci Research report, "Iran Tyre Market Forecast & Opportunities, 2020'’, the tire market in Iran is forecast to grow at over 12 percent CAGR during 2015-2020.
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.
Eleven Chinese vehicle manufacturers exhibited at the Shiraz Auto Show in Iran from June 9-12 and showed a variety of commercial vehicles.
The Russian company Gazprom has approached Iran to purchase compressed natural gas (CNG) equipment.
JAC Trucks recently exported 50 JAC Heavy-Duty Euro IV trucks to Iran.
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