Iran’s prime automaker units sights on Russian market

Iran’s main automaker is in search of to prioritise exports to Russia, its CEO stated Sunday, as each nations reel underneath Western financial sanctions.

Iran Khodro unveiled the most recent mannequin of its crossover Rira car at its manufacturing unit west of Tehran, the place CEO Mehdi Khatibi introduced the producer’s ambitions for the Russian market.

“We’re going to pay particular consideration to the Russian market, and we’re additionally pondering of partnering with Russian buyers,” he stated.

“We’ve held good negotiations with Moscow. The Russian market, with its capacities, shall be certainly one of our essential markets,” Khatibi added.

“We’ll start exporting this 12 months” to Russia, he stated.

Iran Khodro had beforehand exported automobiles to Russia, notably between 2007 and 2009, Iranian media stated.

Sunday’s announcement comes after Russian President Vladimir Putin visited Tehran in July and met his Iranian counterpart Ebrahim Raisi and supreme chief Ayatollah Ali Khamenei.

Russia has come underneath more and more robust sanctions since its February invasion of Ukraine, whereas Iran has confronted stringent sanctions reimposed in 2018 when america unilaterally pulled out of a nuclear deal between Tehran and world powers.

The 2 nations have responded to the sanctions by boosting cooperation in key areas to assist prop up their economies.

Iran Khodro’s vice chairman, Kianoush Pourmojib, struck an optimistic observe on Sunday, pointing to elevated exports to Azerbaijan over the previous 5 years.

“We’re bold about bettering the standard of our automobiles,” he advised AFP.

He added that whereas the producer hopes to compete in markets equivalent to Azerbaijan, Oman and Iraq, “in quantity, it’s in fact Russia that’s an important”.

“This 12 months, we are going to produce greater than 500,000 automobiles and our objective inside three years is to export 100,000 automobiles yearly,” in contrast with fewer than 20,000 at the moment, he stated.

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