[2] Products include locomotives, trains, metros, freight and fuel railroad cars, and equipment for passenger boarding of aircraft.

[3] In 1999, the factory reached an agreement with GEC-Alsthom to produce under license the Iranian Railways AD43C mainline locomotives.

[3] In the first decade of the 21st century the company received export orders for Cuba, including a 60 billion rial order for 550 freight wagons,[8] (completed Sept. 2009[9]) and 200 passenger vehicles[10] Also in 2009 the company obtained a €80 million contract with Vietnam Railways for the supply of 200 passenger vehicles - 40 of which would be produced by Wagon Pars, the remainder assembled in Vietnam as part of a technology transfer agreement.

The acquisition by Iran Khodro during the 2005-2010 privatization of Iranian industries is claimed to have contributed to the company's poor financial state.

[15][16] In August 2018, the Iranian Ministry of Defense declared it had unloaded its shares in Wagon Pars.