PSA SAIPA finalise joint-venture in Iran

Asre Khodro: This 50/50 joint-venture to produce and sell Citroën vehicles in Iran will cover the entire process from design through to vehicle marketing.

Sunday 09 October 2016 - 12:32:00

PSA SAIPA finalise joint-venture in Iran

 Reporting "Asre Khodro", The partners say over €300m will be invested in manufacturing and R&D capacity over the next five years, and the deal includes technology transfers and sourcing a high level of local content.

Manufacturing will take place at the Kashan plant in Iran, which will be 50%‑owned by PSA Group. It’s stated that this facility offers flexible industrial processes and operates with high environmental standards (water-soluble paints for example).

Initially Citroën models will be imported beginning in early 2017 followed by the production of three vehicles adapted for the Iranian market in 2018.



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