Iran (IP) - The Director-General of Iran Khodro Diesel Company (IKD) reported the signing of the memorandum of understanding between Iran and Russia to export the products of the auto manufacturing company.

Iran PressIran news: Javad Tavassoli-Mehr said on Thursday that the foreign companies' attention to the IKD company's products would promise good conditions for export and currency balance for the company.

Tavassoli-Mehr said Iran Khodro Diesel put various programs on the agenda in order to increase the market share of the cars, including the increase in quality, development, and diversity of the products as well as the amount of the production and the short-term remit in the market.

Iran's plans to modernize the transport system both in the passenger and commercial fields were indicative of the opportunities for domestic, and commercial car manufacturers and production support in the country.

215/211