Economy, Auto
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Renault Iran Sales Jump 100% in H1

Renault Iran Sales Jump 100% in H1Renault Iran Sales Jump 100% in H1

French carmaker Renault’s production and sales outlets in Iran sold 68,365 vehicles in the first-half of the current year giving the French carmaker a significant boost in profitability. Renault has local production deals and exclusive import contracts with its local dealer Negin Khodro. Sales rose 100.3% YOY for a market share of 9.8% (up 4 points) thanks to the success of Tondar and Sandero models. In the first six months of the year, Iran was the eighth biggest market for the French carmaker following Brazil and ahead of the United Kingdom and Argentina. In the wider Middle East and Africa region and India, sales rose 19.3% giving the firm an overall market share of 6.4%

Globally, the company sold 1.88 million vehicles in the first half of 2017, an increase 10.4% in market share.

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Financialtribune.com