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Post lifting of sanctions, Renault looking to intensify its operations in Iran

Friday, Jan 29, 2016

French automobile manufacturer Renault is looking to intensify its operations in Iran and prepare future model releases in association with its two local partners.

For more than ten years without interruption, Renault Pars, a joint venture with Iran's two main auto manufacturers, Saipa and Iran Khodro, has enabled the Group to produce nearly 5,00,000 vehicles in the country

In 2015, two new vehicles were manufactured: the Logan Pick-up with Iran Khodro and the Sandero with Saipa. 

"With a market amounting to two million vehicles by 2020, Iran has undeniable potential. Renault has ambitious plans in Iran and advanced discussions are currently underway with Saipa and Iran Khodro to step up our presence, develop our structures and support the automobile sector in Iran," said Bernard Cambier, Director of the Africa-Middle East-India region.

In 2015, Group sales soared by 56.1 percent compared to 2014, to reach a total of 51,500 vehicles and 4.8 percent of market share.

 

auto.economictimes.indiatimes.com

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