• Sat / 1 October 2016 / 15:17
  • Category: Economy
  • News Code: 95071005868

French Renault signs a deal with Iran government

French Renault signs a deal with Iran government

TEHRAN (ISNA) – French Renault has signed a deal with Iran‘s government to make at least 150.000 vehicles a year in the country.

Following the implementation of the Joint Comprehensive Plan of Action and lifting of the sanctions, some big international automakers aim to manufacture new products in Iran and French Renault is one of them.

The plant in Tehran will produce Duster and Symbol cars starting in 2018. Renault will be majority shareholder, and have its own distribution network in Iran for the first time.

According to French websites, Renault-Nissan CEO Carlos Ghosn has said Iran could have demand for 2 million cars in 2020, making it a market with “undeniable potential.”

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