TEHRAN- “The French car maker, Renault, plans to cooperate with two Iranian giant auto makers on manufacturing its five new products for the Iranian market,” an official in Iran Development and Renovation Organization (IDRO) told IRNA.

“Renault plans to manufacture three of its new products in collaboration with Saipa Group and two of them in cooperation with Iran Khodro Company (IKCO),” Fardad Daliri said. “The two prominent Iranian companies have accepted the partnership in a bid to improve domestic car manufacturing industry.”
As of the execution of the nuclear deal between Iran and the six world powers in January, cooperation with Asian and European major auto manufacturers has been on top of Iranian officials’ agenda. The country’s first auto contract was endorsed between IKCO and the French carmaker, Peugeot, and the second one is to be inked between the auto giant PSA Peugeot Citroen and the same Iranian company.
Renault would be Iran’s third post-sanction major auto-partner. As Tasnim news agency reported in April, the stake of French car maker, Renault, in Iranian auto market has been increased seven times in the first three months of 2016, compared to the same time in the preceding year.
As reported, in the said time, 14,540 of Renault sedans have been assembled in Iran, which is seven times more than the registered amount in the same period in 2015, when the figure did not pass 2,130 cars.