NIKA PART

The market for passenger and commercial vehicle parts in Iran is a significant and growing sector, driven by the large size of the vehicle fleet, the high average age of vehicles, and the frequent occurrence of accidents. These factors contribute to a substantial turnover in the industry. According to market studies, the size of this market is estimated to reach around $6 billion in 2024, with an annual growth rate of approximately 5%.The auto parts market is highly fragmented in Iran, with numerous companies operating across various scales, from large enterprises to small businesses. Notably, the local carmakers and parts manufacturers account for less than 25% of the market share, indicating a strong presence of independent suppliers and distributors.

Recognizing the vast potential in this market, the NIKA GROUP has strategically decided to enter the automotive parts sector. To support this initiative, NIKA PART Company has been established. In its first phase, NIKA PART will focus on supplying high-demand consumable parts for passenger vehicles, particularly targeting brands with a high volume of cars on the roads.