Peugeot to Sell over 450,000 Vehicles in Iran in 2016-2017

The CEO of PSA Peugeot Citroen said the French carmaker plans to sell over 150,000 Peugeot vehicles in Iran in the second half of this year, a report said.

Carlos Tavares (pictured) told reporters at the Paris autoshow on Thursday that Peugeot will sell over 150,000 vehicles in 2016 as well as over 300,000 in 2017, Reuters reported.

In July, Iran’s major car manufacturer Iran Khodro (IKCO) and the giant French company officially launched a joint venture to turn Iran into a regional hub for the production of Peugeot vehicles and components.

(Source: Tasnim, under Creative Commons licence)

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