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Renault's Jointly Made Car To Hit Iran By Early 2018
Last update: 14/02/2017

TEHRAN, Feb 14 (Bernama) -- Head of Industrial Development & Renovation Organisation of Iran (IDRO), also known as the IRDO Group, Mansour Moazzami, said the group has signed a contract with the French car manufacturer Renault, which will see their jointly-made car hit the Iranian market by the first quarter of 2018, Trend news agency reported.

Addressing an international conference on the automotive industry here, Moazzami also said that Peugeot and Iran Khodro's jointly made car will reach the market in March 2018, Trend correspondent reported on Monday.

Another car to be jointly made by Saipa and Citroen will also be out by September, he said.

Moazzami further noted that Volkswagen is about to sign a contract with an Iranian partner for joint venture. He said Hyundai and Mercedes Benz have signed or are about to sign similar contracts with Iranian partners.

-- BERNAMA

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CLOSING, FRIDAY, NOV 16
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Source: Bank Negara Malaysia

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