Tag Archives | Renault

Renault’s Iran Sales up 49%

By John Lee. France’s Renault has reported that its vehicle sales in Iran rose 49.3 percent in 2017. With sales of 162,079 units for the year, the company claims a market share of 10.8 percent (up 2.4 percentage points), on the back of the success of the Tondar and Sandero models. The figures include sales […]

Iran’s Yazd Tire to supply Renault

By John Lee. Renault‘s Algerian subsidiary, Renault Algérie,  will buy 50,000 tyres from Iranian tyre maker Yazd Rubber Industries Complex. Yazd is also said to be in negotiations with Volkswagen following the German company’s entry into Iran. (Source: Tyrepress)

Renault Will Not Leave Iran in Face of More US Sanctions

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, said the French carmaker would not “leave Iran” even if Washington re-imposed new sanctions against Tehran. “Obviously if it becomes impossible to deal with Iran we will put a plan together for the suspension of our business there, but that’s not at all to say that […]

Iran’s New Industrial Policy to “Transform Political Economy”

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. New Industrial Policy Poised to Transform Iran’s Political Economy This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well […]

Renault signs EUR 660m Deal with Iran

France’s Groupe Renault has announced the signature of a joint venture agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN NASEH Co, an importer of Renault products in Iran. According to a report from Tasnim, the contract is worth 660 million euro. The proposed joint venture company, of which Renault […]

French Carmakers seeking Stronger Foothold in Iran Market

French carmakers PSA (PEUP.PA) and Renault (RENA.PA) are seeking to increase their presence in Iran’s resurgent market through more deals and investments, a report said. PSA has signed production deals worth 700 million euros ($768 million), while Renault has announced a new plant investment to increase its production capacity to 350,000 vehicles a year, according […]

Renault Doubles Market Share in Iran

By John Lee. Renault has reported a dramatic increase in sales in Iran in the first quarter of 2017. The French automaker said sales in Iran rose 161.5 percent, thanks to the success of its Tondar and Sandero models. The company claims a market share of 9 percent, up 4.9 points. (Source: Renault)

Why French Carmakers are real Winners of Iranian Protectionism

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing the Islamic Republic’s efforts to become an industrial economy, it […]

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]

Iran to Finalize Deal with Renault in Weeks

The Iranian Minister of Trade and Industry Mohammad Reza Nematzadeh said a much-awaited contract with French automaker Renault is going to be signed by March 20. The deal with Renault is in the final stages, Nematzadeh told  the Tasnim News Agency on Monday. “They (Renault officials) have promised that it (the deal) would be signed […]

Renault Extends Deal with Arya Diesel Motors

Renault Trucks is furthering its corporation with the Iranian importer Arya Diesel Motors. The parties signed two agreements in Lyon: an import agreement covering vehicules from the T, C and K ranges and an industrial cooperation agreement for the assembly of T range vehicles. On 21 December 2016 in Lyon, Bruno Blin, President of Renault […]

Iran to Produce Cars in Algeria

The largest car manufacturer in the Middle East, Iran Khodro (IKCO), has taken the first step in establishing a production site in Algeria by launching a joint venture with the African country called IKCO-ALGERIA, and dispatching the required equipment for setting up a production line there. In a meeting with the CEO of Algerian industrial […]

How Iran’s Auto Industry became a Political Football

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian hard-liners have launched a new attack on the administration of President Hassan Rouhani, this time focusing on the country’s automotive industry. At an Oct. 25 parliamentary hearing, the Industries and Mines Committee grilled […]

Renault Sales in Iran Up by 127% in September

French carmaker Renault announced that its sales of automobiles to Iran increased by 127 percent in September 2016. Renault sales in Iran reached 12,500 vehicles in September, showing a 127 percent increase compared to the same month last year, the French company’ monthly sales data showed. The automaker’s sales of vehicles in Iran from January […]

Renault steps up Business in Iran, forms new JV

Renault announced on Friday that an agreement has been signed for the creation of a joint venture with the Industrial Development & Renovation Organization of Iran (IDRO). Renault will be the majority shareholder. “The Iranian government wants to attract foreign investment in the Iranian car industry to bring competitive new products benefiting Iranian customers with […]

Germany Auto Supplier to Open Office in Tehran

A senior official with German car parts maker Robert Bosch said it plans to open an office in the Iranian capital, Tehran, by the end of this year. “We are delighted to be back in Iran. In our quest to pick up speed quickly, we are benefiting first and foremost from re-establishing contact with former […]

Renault-Nissan ‘Ready’ for Iran

By John Lee. The head of the Renault-Nissan alliance has said the company is ready to expand its manufacturing footprint in Iran once sanctions are lifted. Carlos Ghosn (pictured) told reporters that the company will be “extremely careful” in how it proceeds, but added, “Iran is a very promising market … Today it’s more than […]

Winners and Losers if Sanctions Lifted

By John Lee. An analysis by Fortune magazine lists the expected winners and losers from a lifting of sanctions on Iran. Winners EU automakers: Companies such as Germany’s Mercedes-Benz, and Peugeot and Renault of France, are identified as being well positioned to take advantage of Iran’s large market. Oil services companies: Iran says it needs […]