BMI Industry View
BMI View: The automotive industry is Iran's second biggest industry with oil and gas being its largest.
Passenger vehicles will receive a significant boost as western brands, which are preferred by local consumers, re-enter the automotive market as sanctions are eased in 2016. The positive outlook for the infrastructure industry will provide support to the commercial vehicle segment.
Total Vehicle Sales And Production Boosted By Easing Sanctions
Total Vehicle Sales And Production
Key Views
■ Western brands will be well received post-sanctions due to strong customer preferences.
■ European brands will be best positioned to gain market access quickest.
■ Improved infrastructure project financing will support the commercial vehicle segment.