Thursday, 3 October 2013

Iraq Autos Report Q4 2013

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Iraq Autos Report Q4 2013
Oct 2nd 2013, 00:00

Price: $ 1295  

The auto sector has made headway in terms of domestic production with the announcement by the State Company for the Automotive Industry (SCAI) in July that the country's first domestic production plant is complete and vehicle production will begin in October. As part of its plan to have agreements with 15 international carmakers, SCAI already has an agreement with Chinese carmaker BYD, which will open two production lines at the plant. It is also due to begin assembly of Renault trucks in 2014. The presence of another Chinese brand, with the added competitive advantage of locally produced cars, sits with our view that cost-effective alternatives need to be found if imports of Iranian-built cars are banned. However, Iran Khodro (IKCO) is also taking its own steps to address the ban with plans to st ...

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