Agreement with automakers to pay facility to part makers/ approval of paying facility to part makers expired

Khodrocar – daily demands of part makers is increasing and they are breaking the record of 200 thousand billion IRRs so the ministry of industry, mine and trade made a decision to connect 32 part maker to 35 automakers and reduce the among of currency leaving country. 

These conditions, while already part-makers announced about unemployment and suspensions of about 500,000 machine makers, and emphasized that due to the lack of ability of component makers to provide a solidarity, we will soon see the lights off of the workshops.

"The contract, which at the first internal deepening desk has succeeded in concluding contracts with automakers, has been part of a range of manufacturers who have already been producing these projects, and therefore these components are not in line with new products.” Maziyar Bigloo, secretary of part makers association.

"But since it has always tended to buy sweets from outside the country, it has been neglected in this category of products, which, as a result of the currency crisis and the limitations in this field, domestic production of these components was given priority.” He added. "Therefore, the makers who had this capacity and who had already made the necessary investments were placed in the circuit of manufacturing the parts in order to take part in the production of parts for the automakers.”

"Since these part makers are in the midst of small and medium-sized producers, they need more liquidity. Negotiations and an agreement on the payment of facilities, the development of production and so on with automakers, and these measures will be taken into account by automakers.” He said.

"The production of some parts agreed upon is less than one year old, while some of the components that they have contracted are also being manufactured and replaced by imported parts, and only a few of them are time-consuming. It will not be a problem for automakers.” He mentioned. 

"The meeting was requested to extend the mandate at least until the end of February, and the central bank would continue to implement it, which has so far been under-executed by the bank.” He said. 

"The main problem is that all the risk of paying the facility lies with the operating bank and the bank is not willing to accept this risk, and this is a problem that has existed since the issuance of this bill and the notification of this instruction, and we were confident that this problem would exist But, unfortunately, the central bank's look is not interactive, but this could have been easier to resolve, but this did not work.” He told. 

It seems that in the absence of part-makers in the hope of banking system support and measures, automakers need to work on completing defective vehicles, with a number of mines equivalent to the size of the rial facility, rather than providing liquidity to the makers.