Domestic production is one of the best options of the three being considered by the Ministry of Industry, Mining and Trade for providing fuel-efficient cars, according to a faculty member at Iran University of Science and Technology.
“The three options were domestic design production, foreign design production and import,” Javad Marzban-Rad also told Khabar Khodro.
Economy cars have basic technology and simpler parts compared to luxury and high-tech cars, and are in high demand mainly because of their low price.
“Economy cars cost less than 3.5 billion rials [$11,006] that a majority can afford. The more features, engine power and technology the car has, the higher the price will be, putting it also out of the fuel-efficient car category,” said the faculty member.
Marzban-Rad, who is also a car expert, noted that given their low technology, simple parts, high production volume, low price and rising demand, cheap cars can be easily supplied by domestic car manufacturers.
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