After Decades of Presence in Iran, Renault, Peugeot Start Fading

After the US re-sanctioned Iran in the summer of last year, which also hurt the country’s car industry, operations of French auto companies, Renault and Peugeot, have declined rapidly.
During the nine months to last December, the number of vehicles made in Iran which carry the Renault and Peugeot badge declined by 65.8% and 34.5% respectively compared to a year earlier.
According to the Industries Ministry, during the nine months 39,629 Renault cars were made in Iran, down 65.8% compared to 116,018 units manufactured a year before.
Production of Peugeot sedans is slightly less affected by the new US restrictions. In the said period 214,823 cars were made in Iran with the company’s lion badge. The number was down 34.5% compared to 328,169 vehicles made in the same period last year.