Iran's automotive 'mega project' will have limited impact
Al-Monitor Pro Members
Dr. Bijan Khajehpour
Managing Partner, Eurasian Nexus Partners, Vienna, Austria
March 15, 2023
The Iranian government has set itself a plan to sell 500,000 passenger cars directly to end consumers in an effort to reduce market prices by limiting the influence of intermediaries. But the so-called "mega project" will have a limited impact on the deficiencies of the automotive market. As long as economic conditions remain unstable, manufacturers, traders and consumers will try to benefit from the unsaturated domestic marketplace and government intervention will only complicate matters.
Access the Middle East news and analysis you can trust
Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.