The group said it’s been active in Iran for over 10 years with its Iranian partners, SAIPA and Iran Khodro and has produced close to 500,000 vehicles.

Following the launches of the Logan Pick-up and the Sandero in 2015, Renault and its Iranian partners are stepping up their cooperation and preparing the introduction of other models.

“With a market amounting to two million vehicles by 2020, Iran has undeniable potential. Renault has ambitious plans in Iran and advanced discussions are currently underway with Saipa and Iran Khodro to step up our presence, develop our structures and support the automobile sector in Iran,” said Bernard Cambier, director of the Africa-Middle East-India region.