President orders launch of home-made budget car

President Seyyed Ebrahim Raeisi has ordered the launch of at least one home-made budget car model as part of his strategies to reform the domestic car manufacturing sector in Iran.

According to Press TV, he issued the order on Wednesday after he visited car yards and assembly lines run by Iran’s largest automotive company IKCO near the capital Tehran.

The president issued eight major directives meant to create reforms in the Iranian automotive industry, including the need for more investment and technology transfer from Iranian defense, space and high-tech industries to boost the quality of cars manufactured inside the country.

The directives included a target for increasing domestic car output in Iran by 50% in the year to March 2023.

Raeisi also ordered the discontinuation of at least three old car models over the same period as he insisted Iranian carmakers should replace them with three new models to respond to the demand in the market for reliable cars.

The strategies are meant to allay a growing discontent about the quality of cars inside Iran.

SS