Renault

Renault signs new JV in Iran

Renault signs new JV in Iran

French carmaker Renault has confirmed that it has signed a new joint venture (JV) deal with Iranian entities to manufacture more than 150,000 cars annually in the country.

As part of the deal, Renault will work with Iranian partners Industrial Development & Renovation Organization of Iran (IDRO) and Parto Negin Naseh to produce cars.

It may be noted here that Parto Negin Naseh has already been a key Iranian importer of Renault products. Renault is already producing 200,000 vehicles per year in the country.

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