Moscow, IRNA – An Iranian knowledge-based company signed a contract worth $50 million with a Russian counterpart for exports of automotive battery to the country.

The contract was signed on Wednesday on the sidelines of MIMS Automobility Moscow 2023.

Mahmoudreza Mousavi, the deputy for exports of the Iranian company, told IRNA that the company has been active in the Eurasian market and the commonwealth of Independent States.

He added that the company began its efforts for exports to Russia since eight months ago.  

Referring to factors such as quality, after sales services, timely delivery and competitive prices on the agenda of the Iranian company, Mousavi predicted that the company will be able to make its place in the Russian market.  

This is the second consecutive year that Iran is attending MIMS Automobility Moscow.

Some 32 Iranian companies, including two leading automakers Iran Khodro (IKCO) and Saipa Group, two commercial companies as well as 28 auto spare parts companies are present in the event.

The Expo opened in August 21 and will run until August 24 in the Crocus Expo International Exhibition Center in Moscow.

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