TEHRAN – SAIPA Automotive Group Company, the second largest automaker in Iran, on Wednesday announced that it has signed a contract with Belarus in order to export three models of its products to the Eastern European country.
Regarding media reports on the export of its products to the Russian Federation and considering the recent developments in Russia, SAIPA Auto Making Group said that a contract has been signed for exporting 45,000 of SAIPA’s “SHAHIN, “QUIK” and “SAINA” passenger cars to the lucrative markets of Russia and Belarus.
The chief executive of SAIPA put the total value of this contract at €450 million.
According to him, SAIPA has put the export of its products including SHAHIN to the Russian Federation atop the agenda.
The MIMS Automobility Moscow 2022 Exhibition was held on August 22-25 and leading automakers, parts manufacturers and industrialists from Russia, Iran, Turkey and China took part in the expo.
Iran concluded a memorandum of understanding (MoU) with Russia in the field of manufacturing cars and relevant parts, valued at €700 million, during the exhibition.