Iran looks to enter Russian car market ...News

Iranian automakers plan to supply revamped European models to Moscow after the exodus of foreign brands Moscow and Tehran have signed a memorandum of understanding for Iranian car exports to Russia valued at $300 million, the head of Iran’s association of auto parts manufacturers, Mohammadreza Najafi-Manesh, said on Monday.   Iran Khodro, the largest carmaker in the Middle East, is eyeing the large Russian market following the exodus of European, American, and Japanese brands. Many foreign car manufacturers found it difficult to continue operations in the country after deliveries of cars and spare parts to Russia

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