Auto Parts Market Grappling With Price Hike, Slow Import Clearance

EghtesadOnline: Customs bureaucracies and the rise in foreign exchange prices have created problems for the domestic auto parts market.

News ID: ۷۵۲۳۳۹

12 March 2023

The domestic auto parts market is grappling with a price hike worsened by the jump in foreign exchange rate against the rial and delays in clearing imported car components in the last days of the current Iranian year (ending March 20), according to the head of the Tehran Automobile and Machinery Spare Parts Dealers Union.

In an interview with Khabar Khodro, Ahmad Hosseini outlined the current domestic supply status and prices of auto parts.

The car component market thrives at this time of the year, because most people travel during the Norouz (the Iranian New Year) holidays.

“Regardless of the problems of parts clearance, we will not face many supply problems in the closing days of the year,” he said.