Renault Reportedly to Operate Independently

Asre Khodro - Renault is set to operate independently in Iran and produce low-budget cars starting with the Kwid model according to one auto expert.

جمعه ۲۰ اسفند ۱۳۹۵ - ۱۴:۱۷:۰۰

Renault Reportedly to Operate Independently

Reporting "Asre Khodro", Head of Iran’s Auto Part Manufacturers Association, Reza Rezaei told Fars News Agency, “Renault is set to expand its presence in Iran through independent car production.”

Renault officials have reflected on this possibility during negotiating with Iranian stakeholders.

Rezaei said, “Renault’s intention to expand its presence in Iran has been obvious as the company purchased a 50% stake in Bonro -- one of the subsidiaries of SAIPA.”

Renault’s top-end luxury cars are being imported while its less costly products will be manufactured locally, he added. Theoretically, the scheme to produce low-cost sedans should enable the company to cater to the needs of a wider range of customers.

Renault’s Kwid has been the company’s main candidate for the lower end of the local auto market pricing the car at about 310 million rials ($8,800) this would enable the major French carmaker to grab a much bigger share of Iran’s auto market.

Renault’s venture into the low margin of the market with the Kwid will certainly pose a major challenge to SAIPA’s Tiba and Pride models – presently the cheapest cars in the saturated local market.

Renault signed a joint venture with Iran’s Industrial Development Renovation Organization in September and is collaborating with Iran Khodro and SAIPA, although remaining independent.

Leverage Against Rivals

Launching independent production will significantly increase the company’s role in Iran and might give the company a leverage to outpace its archrivals Peugeot and Citroen who also will offer several new models in the next few years.

Rezaei’s comments follow an announcement by CEO of Citroen, Linda Jackson, to the effect that the brand is aiming to capture a 30% share of Iran’s auto market by 2021.

On February 13 the Citroen CEO and her delegation visited one of SAIPA’s production plants. SAIPA is Citroen’s partner in Iran.

During the visit Jackson said “Citroen and SAIPA are set to offer products suitable for the low budget basket.” She did not name the vehicles.

According to announcements by SAIPA, the company is due to sell a 50% stake in of one of its subsidiaries, SAIPA Kashan, to PSA.

 

Source: financialtribune.com

برچسب ها

Renault
مطالب مرتبط بیشتر
Renault Exports to Iran Rises by ۸۳% Renault's Plan for Iran Auto Market Achievements of Renault’s investment in Iran auto industry Renault has reached to the top market for imported cars in Iran SUVs Dominating Iran Car Market Renault adds local engine plant to Iran JV agreement Renault Sets Up New Iran Partnership Amid U.S. Trade Tensions Groupe Renault signs a new joint venture in Iran Renault started launching in Saveh Iran's contract with Renault was signed Who won signs the contract of the largest investment in the Iranian automotive industry? Producing of ۱۵۰,۰۰۰ vehicles in the first phase with investments of ۶۶۰ million euros Negin Khodro ended the Korean monarchy in Iran's car market Two French Carmakers Moving Ahead at Full Speed The last Breathtaking Moments of the Largest Investment Contract in Iran's Automotive History The most advanced ABS brake line in Iran is launched The partnership agreement with Renault is in the final stages of the work The Unending Saga of ‘Localization’ in Iran Auto Industry PSA hires Renault-Nissan exec to lead push in Africa Iranian Firm to Introduce New Megane Renault-Nissan seeks Ghosn heir to drive integration Groupe Renault senior management appointment Renault Iran Chief Taking Over Reins at Nissan India Revenues increase ۲۵.۲% in the first quarter UPDATE ۱-Renault revenue lifted by new models, Lada consolidation Iran Dedicated Training Center to be Operational by the End of the Current Year IDRO, Renault Deal in the Offing Nissan makes two key appointments in region Renault Imports to Iran Increase ۱۱۰% The Renault Kwid at ۳,۵۰۰ euros, the keys to success Renault-Nissan sales close to ۱۰ million in ۲۰۱۶ Join our daily free Newsletter Renault boasts record year despite diesel probe Iran to Finalize Deal with Renault in Weeks: Minister IDRO signs ۱۹ MOUs with giant automakers in post-sanction era Iran stars as Renault powers to record ۲۰۱۶ sales Renault Duster May Be Obsolete Renault Trucks, Arya Diesel Motors Sign ۲ Agreements Renault Trucks signs two agreements with Iranian importer Arya Diesel Motors Renault’s ۱۱-month sales to Iran up ۱۴۶% yr/yr Renault Brands in Iran Auto Show Groupe Renault: third quarter revenue up ۱۳ per cent Renault Sales in Iran Up by ۱۲۷% in September Renault Kwid spotted in Iran, to be manufactured locally Renault Looks to Grow Automotive Presence in Iran Renault signs MoU with Iran to create new joint venture Renault Trucks appoints new president for Greater Middle East region Rise of Koreans! Record Registrations for Groupe Renault in H۱ ۲۰۱۶ Renault to enter Iran’s car market with ۵ new products Renault’s Iranian market share rises ۷-fold in post-sanction era Renault eyes launching new production lines in Iran Iranian automaker to sign contract with Renault FCA, PSA, Renault eye deals as Iran president tours EU Iran's President says Peugeot, Renault deals possible on Europe trip Franco-Japanese auto giant keen on Iran expansion Renault November sale to Iran skyrocketed Renault-Nissan's French peace deal leaves investors underwhelmed Renault’s one-month sales to Iran up ۲.۵ folds yr/yr Renault Sandero assembly line launched in Iran French carmakers duel over Iran Renault Symbol unveiled in Iran Renault never left Iran during sanctions
برگشت به بالا