Russia’s Avtovaz Eyes Boosting Exports to Iran

A senior official with Russia’s biggest carmaker Avtovaz said Iran could be a promising export market for the company in 2016 following the termination of anti-Tehran sanctions.

Around 50,000 (cars are planned) to be exported. Of course, it will depend on many factors but we realize that amid current environment, amid falling domestic market we should focus on export,” Mikhail Ryabov said Tuesday as cited by the Tass news agency.

He added Iran, European countries and Egypt can become leading export markets for Avtovaz in 2016. Avtovaz sales in Russia plunged by 30.5% in 2015 compared with 2014 to 269,000 units.

(Source: Tasnim, under Creative Commons licence)

No comments yet.

Leave a Reply