Meanwhile, according to the 6-month plan, we are expected to see a 50% growth in car production by the end of July. Production attributed, therefore, the provision of so-called facilities with the aim of achieving the intended objectives, only makes the industry more indebted than before and increases their financial costs.
Khodrocar - In his latest remarks, the Governor of the Central Bank stressed the need for planning for a 50% growth in automobile production and internalization of parts and announced that he would continue his support for the industry, which according to the plan, financing to the extent 10 thousand billion tomans through step papers and 5 thousand billion tomans from banks' resources have been considered for the two main automakers of the country.
Hemmati hopes that the measures taken in the country's automotive industry in recent years will continue with stability, planning, and reliance on domestic capabilities, and that the level of external dependence and value of this industry will decrease. Meanwhile, Hamid Azarmand, a senior expert at the Central Bank and an economic researcher, tweeted that the automakers' financial package was conditional on the transfer of surplus property, portfolio reform, pricing reform, chain financing and increasing the depth of domestic production.
He also said in response to some criticism of why the package was developed for the automotive industry that companies are committed to scheduling. Financing is also conditional on fulfillment of obligations, and in the new method, the major part of the financial package will be in the form of credit, which implicitly means the correction of interest rates. Of course, some concerns are still quite valid.
Earlier, experts stressed the poor performance of cross-cutting facilities in the automotive industry and said that the cost of these facilities should be determined first, because otherwise it will lead to increased financial costs for automakers.
"It should be made clear if sanctions reduce car production by a third and increase its price and do not allow automakers to use their true capacity.” Albert Boghzian, economy expert told khodrocar reporter.
"Leap in production means an increase in production capacity, so reducing production by one third and trying to reach this level again does not mean a leap in production, and the payment of facilities under this heading will be abused.” He mentioned.
"If the automaker seeks to meet the Competition Council's condition of increasing prices by increasing production and facing a shortage of liquidity, a solution can be found.” He continued.
"When the automakers were producing at full capacity, they complained about the financial costs, and now with the current situation and receiving new facilities, how will they be able to reduce the financial costs.” He said.
"The development of lines, product diversification and development, or the payment of parts manufacturers' claims are some of the measures that automakers will take with new financial resources, so it must be determined that these resources are unlikely. How can an industry that has not yet reached the desired point with government support be able to successfully operate these cross-cutting facilities?” he said.
"The automotive industry has shown that even during its heyday, it struggled with a lack of liquidity and predicted inflation and sanctions that would create problems for even small businesses, let alone an industry of such magnitude that it always claims to produce national cars.” He said.
"The claim of national production contradicts the one-third reduction in production due to the shortage of parts, so if the delivery of parts is challenging, why did they not think of a solution before the sanctions to supply or localize the strategic and high-consumption parts of this industry? The facility can be extended to industries other than automobiles.” Boghzian says.
Hemmati hopes that the measures taken in the country's automotive industry in recent years will continue with stability, planning, and reliance on domestic capabilities, and that the level of external dependence and value of this industry will decrease. Meanwhile, Hamid Azarmand, a senior expert at the Central Bank and an economic researcher, tweeted that the automakers' financial package was conditional on the transfer of surplus property, portfolio reform, pricing reform, chain financing and increasing the depth of domestic production.
He also said in response to some criticism of why the package was developed for the automotive industry that companies are committed to scheduling. Financing is also conditional on fulfillment of obligations, and in the new method, the major part of the financial package will be in the form of credit, which implicitly means the correction of interest rates. Of course, some concerns are still quite valid.
Earlier, experts stressed the poor performance of cross-cutting facilities in the automotive industry and said that the cost of these facilities should be determined first, because otherwise it will lead to increased financial costs for automakers.
"It should be made clear if sanctions reduce car production by a third and increase its price and do not allow automakers to use their true capacity.” Albert Boghzian, economy expert told khodrocar reporter.
"Leap in production means an increase in production capacity, so reducing production by one third and trying to reach this level again does not mean a leap in production, and the payment of facilities under this heading will be abused.” He mentioned.
"If the automaker seeks to meet the Competition Council's condition of increasing prices by increasing production and facing a shortage of liquidity, a solution can be found.” He continued.
"When the automakers were producing at full capacity, they complained about the financial costs, and now with the current situation and receiving new facilities, how will they be able to reduce the financial costs.” He said.
"The development of lines, product diversification and development, or the payment of parts manufacturers' claims are some of the measures that automakers will take with new financial resources, so it must be determined that these resources are unlikely. How can an industry that has not yet reached the desired point with government support be able to successfully operate these cross-cutting facilities?” he said.
"The automotive industry has shown that even during its heyday, it struggled with a lack of liquidity and predicted inflation and sanctions that would create problems for even small businesses, let alone an industry of such magnitude that it always claims to produce national cars.” He said.
"The claim of national production contradicts the one-third reduction in production due to the shortage of parts, so if the delivery of parts is challenging, why did they not think of a solution before the sanctions to supply or localize the strategic and high-consumption parts of this industry? The facility can be extended to industries other than automobiles.” Boghzian says.
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