Contract of the largest investment in Iran's automotive industry
Renault started launching in Saveh
Asre Khodro- The governor of Saveh announced that, the contract activities of Renault manufacturer was signed off in Saveh, adding: the expansion organization and IDRO finalized the agreement with this French company, this morning.
Tuesday 08 August 2017 - 12:36:00
Reporting "Asre Khodro", Along With the start of this car company, more than 6,000 people will be employed, Baharvand added.
He announced the initial investment of 400 million euros, for this project, adding: 150,000 vehicles will be produced in the first year and mentioned figure would be doubled, in the second year, in Saveh.
Baharwand added: 60% of the whole investment is provided by foreigners and 40% is domestic.
the technology transfer plan is critical in this deal, He said. adding that the company's products are expected to be used both for domestic needs and for export.
RenaultIDRONegin KhodroRenault contract