Iranian tire-manufacturing companies produced 13.478 million tires with a total weight of 146,363 tons during the first seven months of the current Iranian year (March 21-October 22).
Iranian domestic tire manufacturing companies produced 65,353 tons of tires in the first quarter of the current fiscal year (March 21-June 21), IRNA reported.
Fulfillment of an Iranian target plan to export as much as $6 billion of auto spare parts by 2025 is achievable, according to an auto spare parts official.
Domestic component manufacturers are exporting car parts to Russian companies and their main goal is to boost this trend, according to the secretary of the Association of Automobile Parts and Assembly Manufacturers.
Iran’s exports of automobiles and auto parts have reached $58.407 million during the first seven months of the current Iranian calendar year (March 21-October 22), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.
The Ministry of Industry, Mine and Trade (MIMT) says the agreement will stop a capital flight of $85m per year as Tehran moves to cushion the effect of unilateral US sanctions.
Manufacturers of auto parts from Iran and Italy have proposed that through barter system they can have trade exchanges to offset the effects of unilaterla US sanctions.