MEA Commercial Segment Grows

May 2006 | Market Trend Analysis

Turkey, South Africa and, to a lesser extent, Iran are among the markets experiencing a rapid rise in production and sales of light commercial vehicles, trucks and buses. Commercial vehicle output growth in Turkey and South Africa is the result of intensive investment from automotive majors seeking low-cost production bases for exports, as well as growing domestic demand in these emerging markets. In contrast, output expansion in Iran has been solely oriented towards the heavily protected domestic market, which has in the past seen dramatic shifts in the pattern of

If you would like to subscribe to Middle East & Africa Automotives Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Middle East & Africa Automotives Insight please click on the trial link below.