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Country Bans Sale Of Car Brand, Man Loses Rs. 45.56 Crores
The Government of Iran has banned the importing of cars made by the Chevrolet brand a week after the country's Supreme leader criticized the import of American cars.
Supreme Leader Ayatollah Ali Khamenei criticized imports of U.S. autos and asked the government to support domestic production.
The fallout from the new directive from the Iranian government is the cancellation of an order for 200 Chevrolet cars worth around $7 Million (Rs. 46.56 Crores).
The order for the 200 cars was apparently put in by a single person and the consignment of cars was ready to be shipped from South Korea, when the ban came into place.
Iran allows the sale of vehicles made by only a few foreign manufacturers including BMW and Porsche.
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