135% Jump in Renault’s Iran Deliveries

Renault Group, the French company that has made inroads into the Iranian market, announced that third-quarter revenues were up 13% across all markets. Revenues rose to €10.55 billion ($11.5 billion) in the three months ended Sept. 30 from €9.34 billion a year earlier, the company said in a statement on Tuesday. Renault’s market share in several regions enjoyed a growth in sales with even a 3.9% in new car registrations. In Iran, Renault confirmed the trend of the first half of 2016, with deliveries up 135.5% thanks to the success of Logan and Sandero. The group’s market share increased by 2.9 points to 9.6% overall. The global auto market will expand 1.7% in 2016, Renault predicted, reiterating its full-year goals of increasing group revenue and operating margin.