EghtesadOnline: German auto giant, Volkswagen, is to manufacture gas combustion motorcars in Iran.
Director of the CNG project in the National Iranian Oil Products Distribution Company (NIOPDC) Ali Mehrabi said that the contract is in line with the goals of Economy of Resistance.
According to IRNA, he said that the contract envisaged a ban on import of CNG equipment when the German company initiates the production line of gas combusion motor-cars.
He said that foreign companies have welcomed construction of equipment and gas combustion vehicles in Iran. 'Foreign companies should set up factory in Iran to produce and sell equipment in the country.'
He noted that 70 percent of the CNG equipment is secured by Iranian manufacturers.
'The CNG equipment are mostly imported from European states Italy, Germany, Russia and South Korea and Argentina and the equipment imported from South Korea has been indigenized and Russia has called for production of equipment in Iran,' he added.