Iran‘s Auto Parts Manufacturers Make a Notable Entry at Pakistan Auto Show 2023
A total of 159 companies, including prominent auto parts companies from China and Iran, have participated in the Pakistan Auto Show 2023, organized by the Pakistan Association of Automotive Parts and Accessories Manufacturers.
Iranian auto parts manufacturers are optimistic that their companies can export high-quality vehicles and auto parts to Pakistan, resulting in lower transportation costs.
Raza Maliki, a board member of the Tehran Auto and Machinery Union, who is participating in the auto show, stated that Iranian auto manufacturers are making their debut at the Pakistan Auto Show, despite having a long history of exporting vehicles and auto parts to Pakistan.
In an interview with Independent Urdu, Raza Maliki mentioned, “The business transactions between Iran and Pakistan can be assessed by the fact that, according to official data, Iran exported vehicles and auto parts worth 1.7 billion dollars to Pakistan last year, which increased to 2.03 billion dollars this year.”
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Iran boasts a robust auto parts supply chain, and we have come to Pakistan for the first time to gain a deeper understanding of the vehicle market in Pakistan.
Reza Maliki also mentioned that Iran produces over 1.5 million vehicles annually and exports vehicles to Russia, Iraq, and Sri Lanka, with factories installed in these countries for vehicle assembly.
He claimed that Iran is the largest country in the Middle East with a well-established auto industry.
Ahmed Reza Ranai, Vice President of Iran Specialized Manufactures of Auto Parts Union, who participated in the auto show, stated in a conversation with Independent Urdu that Iran has a massive auto parts industry, comprising 1,600 auto parts factories that manufacture parts for all types of vehicles, including passenger vehicles.
According to Ahmad Reza Ranai, “Iran can export auto parts to Pakistan in large quantities. Given that Iran and Pakistan are neighboring countries, the transportation costs for bringing vehicles or parts from Iran to Pakistan will be lower compared to China.”
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#IranianAutomobileUnion #PakistanAutoShow2023 #AutoPartsManufacturers
Iran’s participation in the Pakistan Auto Show 2023 marks a significant milestone in the bilateral trade relations between Iran and Pakistan. According to various reports, a total of 159 companies, including auto parts companies from China and Iran, took part in the event, showcasing the growing interest of foreign companies in the Pakistani market.
The Iranian auto parts manufacturers believe that their companies can export high-quality vehicles and auto parts to Pakistan, resulting in lower transportation costs. This assertion is supported by Raza Maliki, a board member of the Tehran Auto and Machinery Union, who stated that Iran has been exporting vehicles and auto parts to Pakistan for a long time, with a significant increase in trade value from $1.7 billion to $2.03 billion in a single year.
This development is not only a testament to the growing economic ties between the two countries but also a strategic move by Iranian auto parts manufacturers to expand their presence in the Pakistani market. The participation of Iranian companies in the Pakistan Auto Show 2023 is seen as a debut in the Pakistani market, as they look to capitalize on the country’s growing demand for auto parts and vehicles.
Moreover, the Iranian Auto Parts Manufacturers Association (IAPMA) has announced plans to exchange technologies and barter parts and raw materials with Pakistani counterparts, which is expected to further boost trade relations between the two countries.
The Iranian auto parts manufacturers’ decision to participate in the Pakistan Auto Show 2023 is a well-thought-out strategy, given Pakistan’s large and growing automotive market. With a robust auto parts supply chain, Iran is well-positioned to cater to Pakistan’s demand for high-quality auto parts and vehicles.
The participation of Iranian auto parts manufacturers in the Pakistan Auto Show 2023 is a significant development that highlights the growing economic ties between Iran and Pakistan. As both countries look to deepen their trade relations, this move is expected to have a positive impact on the automotive sector in Pakistan, leading to increased competition, improved quality, and reduced transportation costs.
References:
[1] https://www.ezamco.ir/En/
[2] https://en.wikipedia.org/wiki/Automotive_industry_in_Iran
[3] http://www.polefiroozeh.ir/en/about-pfi/about-pole-firoozeh-iran-automobile-spare-parts.html
2024, Iran–Pakistan border skirmishes
Analysis of Iran’s Participation in the Pakistan Auto Show 2023.
Iran’s participation in the Pakistan Auto Show 2023 is a significant milestone in the bilateral trade relations between the two countries. The event, which is organized by the Pakistan Association of Automotive Parts and Accessories Manufacturers, witnessed the participation of a total of 159 companies, including prominent auto parts companies from China and Iran.
According to Raza Maliki, a board member of the Tehran Auto and Machinery Union, Iranian auto manufacturers are making their debut at the Pakistan Auto Show, despite having a long history of exporting vehicles and auto parts to Pakistan [[[1]]. The Iranian auto parts manufacturers believe that their companies can export high-quality vehicles and auto parts to Pakistan, resulting in lower transportation costs.
Iran has a robust auto parts supply chain, and the country has come to Pakistan for the first time to gain a deeper understanding of the vehicle market in Pakistan. Reza Maliki mentioned that Iran produces over 1.5 million vehicles annually and exports vehicles to Russia, Iraq, and Sri Lanka, with factories installed in these countries for vehicle assembly.
Moreover, Iran has a massive auto parts industry, comprising 1,600 auto parts factories that manufacture parts for all types of vehicles, including passenger vehicles. According to Ahmad Reza Ranai, Vice President of Iran Specialized Manufactures of Auto Parts Union, Iran can export auto parts to Pakistan in large quantities. Given that Iran and Pakistan are neighboring countries, the transportation costs for bringing vehicles or parts from Iran to Pakistan will be lower compared to China. [[[3]],
This development holds great potential for the Pakistani market, as it can provide an opportunity for the country to source high-quality auto parts at a lower cost. It will also help to strengthen the bilateral trade relations between Iran and Pakistan.
The event also marks a significant milestone in the growth of the Pakistani automobile industry. The country is witnessing an increase in the demand for vehicles, driven by the growing middle class and the government’s initiatives to promote the automotive sector.
the participation of Iranian auto parts manufacturers in the Pakistan Auto Show 2023 is a positive development for the Pakistani automotive industry. It is expected to help strengthen the bilateral trade relations between Iran and Pakistan, while also providing an opportunity for the Pakistani market to source high-quality auto parts at a lower cost.
In terms of moving forward, the event can serve as a stepping stone for further collaboration between Iran and Pakistan in the automotive sector. The participation of Iranian auto parts manufacturers in the Pakistan Auto Show 2023 can help to lay the foundation for future partnerships and joint ventures between the two countries.
However, there are also challenges that need to be addressed. The trade relations between Iran and Pakistan are affected by a range of factors, including the US sanctions and the regional security situation. It is essential for the two countries to work together to address these challenges and to create a favorable business environment that can facilitate the growth of the automotive sector.
the participation of Iranian auto parts manufacturers in the Pakistan Auto Show 2023 is a positive development for the Pakistani automotive industry. It is expected to help strengthen the bilateral trade relations between Iran and Pakistan, while also providing an opportunity for the Pakistani market to source high-quality auto parts at a lower cost.
