Korea’s Hyundai has quietly removed from its main website the details of two companies that represent it in Iran, Asbe Bokhar magazine reported on July 20.
Iran’s car sales environment is in deep decline given the ongoing anxiety and obstacles caused by US sanctions combining with economic life extinguished by the coronavirus (COVID-19) crisis.
Asan and Pakro are reportedly the two representative companies that have disappeared from the website’s list of authorised international Hyundai vendors. Iran’s Kerman Motors and Soroush Diesel Mabna CO remain on the list.
Despite the deletion, Asan and Pakro can continue to operate in the field of Hyundai after-sales service in Iran. Both companies confirmed they intended to do so.
The unofficial nature of car sales representatives in Iran has become commonplace in the environment pressured by American sanctions. Toyota and BMW are two automakers that have kept their Iran dealerships open despite removing their names from their main websites.
Other carmakers, including Mitsubishi, Mercedes-Benz, Renault, Borgward and Kia continue to be linked with local representatives in Iran amid the sanctions.
Russia will continue to cooperate with Iran including in the field of “peaceful nuclear energy”, Kremlin spokesman Dmitry Peskov said on October 20, Vedomosti newspaper reported. ... ... more
Parliament Speaker Mohammad Bagher Ghalibaf has notified President Masoud Pezeshkian of the "Law on the Accession of the Government of the Islamic Republic of Iran to the International Convention for ... more
Iran's interbank market interest rate remained unchanged at 24% for the week ending October 14, marking the third consecutive week of complete stability in the country's money market, the Central ... more