Conditions for Return of French Car Manufacturers

The French automakers seeking to enter Iran are waiting for the revival of the Joint Comprehensive Plan of Action (Iran nuclear deal) and the removal of Iran from the blacklist of the Financial Action Task Force
Conditions for Return of French Car Manufacturers
Conditions for Return of French Car Manufacturers

While the Ministry of Industries, Mining and Trade has banned the import of cars made in France, French car manufacturers can enter Iran for joint production ventures, according to an automotive official familiar with the matter.
Peugeot and Renault had production deals with Iranian automakers, but quit the country when the US intensified sanctions against Iran. 
Following the recent Iranian decision to allow the import of a limited number of economy cars, Iran’s Industries Ministry has clarified that the ban on French-made cars is only for the import of Completely Built Up (CBU) units, but it will welcome joint ventures for the production of cars or parts, Donyaye Khodro reported.
This is especially significant, as the economy cars of Iran Khodro and SAIPA, major Iranian carmakers, are based on Renault’s KWID and Citroen C3 platforms respectively.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment