Iran to sign 4 contracts with foreign automakers

He said that Iranian car market will be never open for arrival of cars ready to be used, adding foreign auto-makers can resume activities in Iranian market in case they can use potential of Iranian local carmakers and export their products.

According to ISNA, Moazemi noted that companies like Peugeot and Citroën and other firms entering Iran in future, should export 30-40 percent of cars manufactured in the country.

Managing Director of Renault Pars Company Peiman Kargar said that Renault Kwid would be definitely produced in Iran, adding it is still unclear which partners of the company is going to produce the car.

He said that the price of the vehicle in Iran is still unclear.

He said that Renault  is working in Iran under permission of Iranian Ministry of Industry, Mine and Trade and would never impose any policy which runs counter to positions of the ministry to its Iranian company.