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Joint ventures help PSA consolidate its position in Iran

Business Materials 14 July 2017 13:43 (UTC +04:00)

Baku, Azerbaijan, July 14

By Khalid Kazimov – Trend:

PSA Group has consolidated its position in Iran with the creation of two joint ventures which are now operational, the French carmaker said in a statement.

The start of local production of the PEUGEOT 2008 SUV and its pre-sales marketing have been a huge success in the first half of the current year, the report added.

According to the announcement, the group’s sales hit 277,900 in the Middle East and Africa region. This is while its first-half sales dipped in Europe and continued to plunge in China.

The group has earlier launched two joint ventures with Iranian leading carmakers of IranKhodro and SAIPA to locally produce its vehicles.

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