There has been a notable uptick in the number of brands returning to the market, particularly in the commercial vehicle segment where the reconstruction effort is generating demand for heavier vehicles. Most recently, in May 2013, it was reported that the government is taking an active interest in bringing international companies to the industry. Indeed, in order to support sales growth over BMI’s forecast period, there will need to be an alternative to the big import contingent from Iran, which is reportedly being banned. BMI believes the ban does provide downside risk to growth. Exports to Iraq accounted for around …
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