Groupe Renault forms JV in Iran

By mmillikin Groupe Renault, IDRO and PARTO NEGIN NASEH Co (NEGIN Holding) are forming a new joint venture company in Iran to boost Renault’s presence in the country and step up the brand’s growth.

The proposed joint venture company, of which Renault will be the majority shareholder, though with a first period of joint control with IDRO and PARTO NEGIN NASEH Co, will include an engineering and purchasing centre to support the development of local suppliers as well as a plant with an initial production capacity of 150,000 vehicles a year, supplementing Groupe Renault’s existing capacity of 200,000 vehicles a year in the

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