Peugeot to Sell over 450,000 Vehicles in Iran in 2016, 2017: CEO
TEHRAN (Tasnim) – The CEO of PSA Peugeot Citroen said the French carmaker plans to sell over 150,000 Peugeot vehicles in Iran in the second half of this year, a report said.
Carlos Tavares told reporters at the Paris autoshow on Thursday that Peugeot will sell over 150,000 vehicles in 2016 as well as over 300,000 in 2017, Reuters reported.
Back in July, Iran’s major car manufacturer Iran Khodro (IKCO) and the giant French automotive Peugeot Citroen officially launched a joint venture to turn Iran into a regional hub for the production of Peugeot vehicles and components.
There has been growing interest in ties with Iran since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached an agreement on Iran’s peaceful nuclear program and started implementing it on January 16.
The agreement terminated all nuclear-related sanctions imposed on Iran.
