In the last days of the year, parts manufacturers, while announcing the definite need of this industry for liquidity, announce their high demands from car manufacturers and hope that with the approval of the production leap program in the heads of forces, where the supply of these resources is foreseen, it will be implemented soon.
Khodrocar - Meanwhile, the need of the automotive industry for a 50% production jump in the automotive industry by the end of July is estimated at 27,000 billion tomans, of which, according to parts manufacturers, 25,000 billion tomans is related to the parts manufacturing sector.
According to the plans, out of this amount, 5 thousand billion Tomans will be provided to the automakers in the form of facilities and 10 thousand billion Tomans in the form of GAM bonds with the aim of settling future debts.
Based on this, it is not clear from what source the deficit of this figure, which will be equivalent to 12 thousand billion Tomans, will be provided.
Meanwhile, the demands of parts manufacturers from automakers have reached more than 45,000 billion tomans, and the problem of supplying domestic raw materials as well as allocating currency to foreign semi-manufactured parts continues.
The time-consuming allocation of currency and order registration to supply foreign raw materials and semi-manufactured parts, along with the lack of liquidity for the parts industry, has been challenged and the proposal to import some materials as imports without currency transfer has been opposed by the central bank. Now it is not possible to buy materials on credit for parts manufacturers, which due to the excessive increase in raw material prices and exchange rates, has increased the need for immediate adjustment of parts prices, which due to the time consuming process, can’t hope for effectiveness.
Parts industry activists emphasize that according to the promises of car manufacturers and the Ministry of Industry, parts manufacturers were supposed to increase their production, but in exchange for free car prices and at the same time provide the necessary liquidity and financial resources and the price of parts manufacturers to be corrected quickly. None of this was achieved, and only the increase in production added to the problems of the parts industry.
"The liquidity deficit of parts manufacturers is currently 25 thousand billion tomans, which if approved by the Monetary and Credit Council, 5 thousand billion tomans will be provided from this figure, and the payment of the rest of this number must be planned by automakers.” Arash Mohebi Nejad, expert of part industry told khodrocar reporter.
"Of this amount, 20,000 billion tomans are overdue receivables, of which 9,000 billion tomans are in the form of tripartite contracts and purchase of debt, as well as carmaker guarantees, and have been assigned mainly through the credit of parts manufacturers, so that they were either introduced to the bank or checked. It has been paid for in the future and in any case the parts manufacturer has received its resources from the bank under the guarantee of the automaker.” He said.
"Accordingly, the remaining 11,000 billion tomans are the claims of the automotive supply chain, which has not been determined yet, so this is the total amount that the supply chain must receive from the automaker, which will be paid 5,000 billion tomans from the Monetary and Credit Council. One thousand billion tomans will be from automaker sources or different methods.” He mentioned.
"In order to realize the plan of production leap and increase production by 50% according to the plan made by the Minister of Industry, there is a liquidity deficit of 25 thousand billion Tomans, of which 11 thousand billion Tomans are overdue receivables that must be received from the automaker. 14,000 billion tomans is still unknown.” He said.
"If this figure is not provided, it will not be possible to achieve a jump in production, so in addition to this issue, if 11 thousand billion tomans of arrears are not paid, the parts industry will be shut down.” He continued.
According to the plans, out of this amount, 5 thousand billion Tomans will be provided to the automakers in the form of facilities and 10 thousand billion Tomans in the form of GAM bonds with the aim of settling future debts.
Based on this, it is not clear from what source the deficit of this figure, which will be equivalent to 12 thousand billion Tomans, will be provided.
Meanwhile, the demands of parts manufacturers from automakers have reached more than 45,000 billion tomans, and the problem of supplying domestic raw materials as well as allocating currency to foreign semi-manufactured parts continues.
The time-consuming allocation of currency and order registration to supply foreign raw materials and semi-manufactured parts, along with the lack of liquidity for the parts industry, has been challenged and the proposal to import some materials as imports without currency transfer has been opposed by the central bank. Now it is not possible to buy materials on credit for parts manufacturers, which due to the excessive increase in raw material prices and exchange rates, has increased the need for immediate adjustment of parts prices, which due to the time consuming process, can’t hope for effectiveness.
Parts industry activists emphasize that according to the promises of car manufacturers and the Ministry of Industry, parts manufacturers were supposed to increase their production, but in exchange for free car prices and at the same time provide the necessary liquidity and financial resources and the price of parts manufacturers to be corrected quickly. None of this was achieved, and only the increase in production added to the problems of the parts industry.
"The liquidity deficit of parts manufacturers is currently 25 thousand billion tomans, which if approved by the Monetary and Credit Council, 5 thousand billion tomans will be provided from this figure, and the payment of the rest of this number must be planned by automakers.” Arash Mohebi Nejad, expert of part industry told khodrocar reporter.
"Of this amount, 20,000 billion tomans are overdue receivables, of which 9,000 billion tomans are in the form of tripartite contracts and purchase of debt, as well as carmaker guarantees, and have been assigned mainly through the credit of parts manufacturers, so that they were either introduced to the bank or checked. It has been paid for in the future and in any case the parts manufacturer has received its resources from the bank under the guarantee of the automaker.” He said.
"Accordingly, the remaining 11,000 billion tomans are the claims of the automotive supply chain, which has not been determined yet, so this is the total amount that the supply chain must receive from the automaker, which will be paid 5,000 billion tomans from the Monetary and Credit Council. One thousand billion tomans will be from automaker sources or different methods.” He mentioned.
"In order to realize the plan of production leap and increase production by 50% according to the plan made by the Minister of Industry, there is a liquidity deficit of 25 thousand billion Tomans, of which 11 thousand billion Tomans are overdue receivables that must be received from the automaker. 14,000 billion tomans is still unknown.” He said.
"If this figure is not provided, it will not be possible to achieve a jump in production, so in addition to this issue, if 11 thousand billion tomans of arrears are not paid, the parts industry will be shut down.” He continued.
"GAM bonds can be in the form of 14,000 billion tomans of receivables whose source is still unknown. GAM bonds are a productive credit certificate that is paid on a future date for a part sold to the automaker today but is not applicable to the payment of delinquent debt.” He said.
Latest News
