Renault Imports to Iran Increase 110%

Reporting "Asre Khodro", The new figures indicate a threefold increase in the company’s exports to Iran year-on-year.

However, month-on-month the company showed a 9% fall in exports. In December the firm exported 14,738 cars to Iran, according to local automotive blog, Asbe Bokhar.

The report said 108,536 units of Renault were exported to Iran during 2016, indicating a 110% increase compared to the year earlier.

Renault is pushing aggressively its brand in the country since the economic sanctions were eased in early 2016.

The company signed a deal with the Industrial Renovation Organization of Iran in 2016 to create a new separate venture to produce low-cost vehicles.

Sales of its high-end vehicle range are now handled by its local subsidiary Negin Khodro.

Source: financialtribune.com