Producing of ۱۵۰,۰۰۰ vehicles in the first phase with investments of ۶۶۰ million euros

Reporting "Asre Khodro", Mansour Moazami, in a special announcement about the contract with Renault, mentioned:
In the first phase of the contract, ۱۵۰,۰۰۰ vehicles will be produced, with an investment of ۶۶۰ million euros.
These two products will be provided in the first phase domestically, which is being completed, and the designing will began after the delivery of the executive task , Moazami continued.
He referred to Iran and Renault stock and stated : ۶۰% of the shares were for Renault and ۴۰% for Iran, which ۲۰% for the IDRO and the rest for the private sector.
In this contract stipulates that ۳۰% of the products with the responsibility of Renault should be exported , which includes the final product and the parts, he added.
He continued, in the second phase of the contract which begin in ۲۰۱۹, ۱۵۰,۰۰۰ vehicles will be localized, but this phase has not yet been finalized.
He stated that the entrance of IDRO is completely legal. According to Article ۴۴, the government can have ۲۰ percent market share in Group ۲.
Moazami emphasized that carmakers have no choice but to integrate to survive in order to increase their capabilities, adding that the government can give up to ۲۰% of its legal share at any time, so that ۴۰% stake in IDRO last year has reduced to ۲۰% At the time of the contract, which is tomorrow.
IDRO has been in the process of implementing and concluding the agreement for more than ۱۰ months, He remarked.
He said that there are currently ۱,۲۰۰ manufacturing units in the country, continued : "The automotive industry does not make any sense without a parts production.

In the car contracts, part of the responsibility of foreign auto makers is to strengthen domestic manufacturers, and the contract is required to help a number of unit makers to update and reduce prices, Moazami added.
He emphasized that car contracts are not publicly available because of their nature.