Renault production increases in Iran

Business Materials 24 December 2013 15:24 (UTC +04:00)

Baku, Azerbaijan, Dec.24
by Fatih Karimov - Trend:

Iran has significantly increased production of two models of Renault automobiles, ISNA reported on December 24.

Production of the Tondar 90 and Megane increased considerably compared to a month ago.

The recent deal between Iran and the world powers at Geneva has paved the way for the importation of spare parts for Renault products. This is while production of the two cars had dropped sharply two months ago.

French carmakers Peugeot and Renault look to be among the clearest beneficiaries of the interim deal that lifted some sanctions on Iran, with both hoping to leap back into the Middle East's biggest auto market, AFP reported.

PSA Peugeot Citroen was the top car manufacturer in Iran before sanctions, selling 458,000 vehicles in 2011 in what used to be its second biggest market worldwide after France. Its cars, most of them assembled by an Iranian partner firm and rebranded, are abundant on Tehran roads.
Renault sold 103,000 vehicles there last year before leaving.