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.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Australian Unions Reach Deal with Inpex to End Strikes at Ichthys LNG Plant
Australian union groups have come to an agreement with Japanese energy firm Inpex to halt strike action at the Ichthys LNG facilities, Reuters reported on June 17. Australia’s Offshore Alliance, ... more
Iran, US sign Islamabad MoU on ceasefire, sanctions relief and Hormuz shipping
Iran and the United States have signed a Memorandum of Understanding in Islamabad declaring an immediate and permanent end to military operations and setting a 60-day timetable to negotiate a final ... more
Deal or no deal? Comparing the Iran MoU to the JCPOA
When the US and the P5+1 concluded the Joint Comprehensive Plan of Action in 2015, the document ran to 159 pages, enshrined in UN Security Council Resolution 2231 with a snapback mechanism. The ... more