French Renault automobile manufacturer is to be in Iran's market with five new products, an official at Development and Renovation Organization (IDRO) of Iran announced.
According to ILNA, Fardad Daliri, IDRO deputy for industrial investment development, told that talks on the issue have been held with two Iranian car producers including Industrial Saipa Motor Corporation and Iran Khodro Industrial Group.
France's Renault Group will produce five new makes of cars in Iran, three in collaboration with Saipa and two with Iran Khodro, Daliri said.
Iranian car manufacturers are to cooperate with Renault to make new models of cars in order to upgrade the domestic products, he added.
After January announcement of 'Implementation Day' of the Joint Comprehensive Plan of Action (JCPOA) between Iran and world powers, the country started resumption of car cooperation with Asian and European companies, Daliri said.
Renault Group is among top ten car manufacturers in the world.