Renault sales to Iran more than doubled in May

June 18, 2015 - 0:0

TEHRAN - French automaker Renault boosted its sales of cars to Iran in May by two a half times, selling 2,500 cars to the country.  

Renault had sold a total of 1,000 cars to Iran in April. Renault had sold a total of 2,050 cars to Iran in January, but sales were halted in February. January sale was higher than the same period last year by 36 percent when the company’s sales to Iran stood at 1,050 cars.  

The company’s overall sales to Iran for 2014 stood at 36,300 cars which showed a decrease of about 9 percent year-on-year.  

Renault saw record high sales to Iran in 2011 and 2012 when it respectively sold 94,000 and 108,000 cars to the country. 

Renault saw record high sales to Iran in 2011 and 2012 when it respectively sold 94,000 and 108,000 cars to the country.

Renault had announced in January that it is preparing to have a stronger presence in Iran’s auto market. Nevertheless, it said it will still have to wait for the outcomes of Iran’s nuclear talks with the P5+1 group of countries that could lead to the lifting of anti-Iran sanctions.   

The French major had to suspend its Iran business in 2013 after stricter sanctions were imposed that specifically included tough restrictions on banking transactions with the country.