The company has several license manufactured rolling stock in cooperation such as Hyundai Rotem, Siemens, Stadler & CRRC Puzhen.

Iranian Rail Industries Development Co (IRICO) was founded in with the aim of domestic manufacture of rolling stock including metro, suburban, light rail and monorail vehicles.

A $45 million investment established a factory in Abhar, Zanjan province Iran.

The remaining 300 vehicles will be assembled locally by Iranian Rail Industries Development (IRICO).

has been awarded a $US 856 million contract by Iranian Islamic Republic Railways (RAI Archived 2021-05-20 at the Wayback Machine) to supply 150 three-car DMUs.