Russia to cooperate with Iran on renovation of latter's commercial fleet

Business Materials 13 March 2019 11:04 (UTC +04:00)

Tehran, Iran, March 13


Russia's heavy auto manufacturers are to cooperate with Iran to renovate the country's commercial fleet including old buses and trucks.

The issue has been discussed in a meeting between Deputy of Industrial Development & Renovation Organization of Iran (IDRO) Behzad Etemadi and a Russian industrial delegation, Trend reports citing IRNA.

"By the presidential order, the national renovation plan of old commercial fleet has been started. It includes 202,500 vehicles," Etemadi said.

"IDRO is ready to enhance the quality and environmental standards by using the capacity of Russian companies for providing Complete Knock Down (CKD) parts for heavy vehicles," the official noted.

Referring to the US unilateral sanctions against Iran, he said that major part of producing heavy autos are done by domestic automakers.

The Russian representatives elaborated on technical and Euro-5 emissions standards during the meeting and expressed readiness to review the launch of credit lines, financial and industrial transactions between two countries.

Two sides are expected to sign cooperation contracts on various issues at the upcoming 15th Iranian-Russian Joint Commission in May at Isfahan.

Iran has started to renovate its old fleet in a mega project last Iranian year (started March 21, 2018).