• With 162,079 vehicles sold in Iran last year, Renault registered a 10.8% share of the domestic market.

    In the face of mounting pressure from the hawkish US President Donald Trump on international firms to ditch their Iran operations, Renault CEO Carlos Ghosn says the company is committed to maintaining its presence in the country.
    At Renault’s annual shareholders’ meeting in Paris on Friday, Ghosn said while taking measures to mitigate the risk of penalties for breaching renewed US sanctions, Renault will continue its activities in Iran.
    During the session, the automotive giant’s chief said, “We will not abandon it, even if we have to downsize very strongly,” AFP reported.

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Read the latest news about Iran’s automotive industry, market trends, output figures, & import data, along with updates about Iran Khodro, Saipa and Pars Khodro

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