Economy, Auto

Renault to Sell Kwid at $8,800 in Iran

Renault to Sell  Kwid at $8,800  in IranRenault to Sell  Kwid at $8,800  in Iran

Renault is to produce its hugely popular model, Kwid, in Iran and it is to be priced at about 31 million rials ($8,800 at market exchange rate). Peyman Kargar, managing director for Renault Middle East and director of the French company’s local subsidiary Renault Pars, announced the recent development in a press conference on Monday.     Although Kargar emphasized that no final decision has been made, he confirmed the previous speculations and said the model is to be produced in collaboration with Iran Khodro, Iran’s oldest and largest auto manufacturer. He did not mention when they will be marketed in Iran. Kargar added that in case negotiations between the two automotive giants fail, Renault might hand the production of the model to its local subsidiary.


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