Iran signs $300 million MoU for transportation to Russia | Rare Techy
A $300 million deal has been signed for transportation to Russia, according to the president of the Association of Homogeneous Powertrain Industries and Parts Manufacturers.
Currently, 1,000 Iranian-made cars have been exported to Venezuela, and more shipments are planned in the future due to the popularity of Iranian-made cars, Mohammadreza Najafi-Manesh said on Monday. .
“Russia and Venezuela are the two best markets for Iran’s transportation, and if the export conditions are met, they will find a suitable place for transportation,” he said.
Najafi-Manesh touched on Iran’s car exports to Armenia and Azerbaijan earlier, saying that the quality of domestically produced cars is good, but for the development of exports, it is necessary to improve.
Iran Khodro, the Middle East leader, is eyeing the large Russian market that has been abandoned by Europe amid the Ukraine crisis, an official said in August.
The company’s first exports to Russia took place between 2007 and 2009. Some Iranian-made engine components such as engine cooling systems, suspensions and metal parts have been exported to the Russian market. in recent years.
Ukraine’s war has boosted car production in Russia, which is the eighth-largest auto market in the world. Many international manufacturers have suspended deliveries to Russia, while others have been forced to stop production due to a lack of parts.
In May, Iran’s official news agency IRNA reported that a Russian engineering company had sounded out Iranian parts and equipment manufacturers for the ability to supply its production lines with the desired products.
Master cylinder actuators, anti-lock braking systems, ABS sensors, seat belts, airbags, alternators, air vents, oxygen sensors, thermostats and window curtain systems are included. parts needed by the Russian automaker, a member of the Iranian Auto Parts. Hossein Bahrainian said the board of directors of the Association of Architects (IAMPA).
Iran’s auto sector is starting to get back on its feet after years of relying on imported car packages that foreign companies banned from supplying when the US reimposed Islamic sanctions Republic in 2018.
Iran’s automakers became increasingly sluggish after France’s Peugeot and Renault exited Iran and other international companies after US sanctions created a price war that saw the prices of cars at high levels.
The crisis forced Iran Khodro, Saipa and other companies to mobilize local resources to produce Iranian-made vehicles, with the defense ministry stepping in to produce some of the hi-tech components. used by Iran to import.
At the beginning of this month, the Venezuelan Minister of Transport Ramón Velásquez announced the delivery of 1,000 cars made in Iran to Venezuela, saying that they are among the 80,000 requests registered for the products of an Iranian car manufacturer in his country.
“We have a great demand for Iranian car products, which allowed us to register 80,000 orders in the first phase,” he said.
With exports, Iran is carving out a place in the South American automotive market that has a lot of room for growth and expansion, due to the problems of some countries in the region and the United States.
Following the Iran-Venezuela 2022 Expo Fair held on September 14-18 in Caracas where President Maduro announced the meeting of four Iranian models in Venirauto car manufacturing, a collaboration between the Venezuelan government and Iran Khodro.