Renault plan joint venture (JV) with Iran-based Pars Khodro.

Renault plans to increase the assembly of its Logan and Sandero models in Iran, according to a report by Oreanda-News. Representatives from Renault plan to visit Tehran to sign an agreement to launch a joint venture (JV) with Iran-based Pars Khodro. The automaker also plans to start the assembly of two new models, including the Kwid. The report did not mention the second model's name. However, according to IHS data Renault will start the assembly of the Captur sport utility vehicle (SUV) with Iran Khodro in Tehran in 2016.
 

Significance: Renault Pars is a JV between Renault and the Industrial Development Renovation Organisation (IDRO). It is in charge of managing the assembly of Renault cars by local manufacturers Iran Khodro and Iran Saipa's Pars Khodro. Renault was forced to halt shipments of kits to build its Logan and Mégane models in Iran in 2013 following the extension of the US government's sanctions over the Iranian nuclear programme to the automotive industry. In 2014, Renault resumed shipments of car parts to Iran. In 2015, two new vehicles were assembled in the country: the Logan pick-up with Iran Khodro and the Sandero with Saipa. The new agreement is expected to bolster mutual co-operation in the Iranian automotive industry. Furthermore, following the diplomatic breakthrough that resulted in the lifting of sanctions, there has been significant interest in the opportunities presented by the Iranian automotive market. Recently, PSA Peugeot-Citroën has signed a 50:50 JV agreement with Iran Khodro to produce vehicles in Iran. According to IHS Automotive, assembly of Renault-branded light vehicles will grow more than double to reach 96,866 units in 2016 from 39,473 units in 2015.

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