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Iran Khodro says its request for price increase not accepted

The Iran Project , 7 Jan 2024 - 16:37

Reporter : Fatemeh Khoshroo

Iran’s largest automaker the Iran Khodro Company (IKCO) announced that the National Competition Council has not accepted its request for the car price increase.


According to The Iran Project, although the Competition Council considers selling outside the provisions of Resolution 543 as illegal, Iran Khodro declared that it has applied for a license to sell cars on the margin of the market, which has not yet been approved.
 
Over the past two days, there has been conflicting news about the car market and the price change of automobiles.
 
In this regard, the Parts Makers association had announced that a plan has been approved and signed by the Ministry of Industry, Automobile Manufacturers and Parts Manufacturers that by the end of the year, each automaker (Iran Khodro and SAIPA) will sell 60,000 cars at a price 5% below the market margin.
 
In reaction to this news, the Competition Council also rejected any conditional license to increase car prices and stressed that selling cars outside of the provisions of Resolution 543 is illegal and a pure violation.
 
However, Iran Khodro said following the rumor published in cyberspace about obtaining a license to sell cars on the margin of the market, this company has requested to get a license to sell a number of its products on the market margin from the authorities.
 
But despite numerous follow-ups, no official notification has been sent to this company, IKCO stressed.
 


Story Code: 411227

News Link :
https://www.theiranproject.com/en/news/411227/iran-khodro-says-its-request-for-price-increase-not-accepted

The Iran Project
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