Renault reports 50% drop in auto sales to Iran

French giant automaker Renault says its sales of cars to Iran almost halved in January.

French giant automaker Renault says its sales of cars to Iran almost halved in January.

French giant automaker Renault says its sales of cars to Iran almost halved in January. 

Renault has said that it had sold a total of 2,050 cars to Iran in January. The figure was higher than the same period last year by 36 percent when the company’s sales to Iran stood at 1,050 cars.

“However, there has been a decrease of about 50 percent compared to December 2014 when Renault sold over 4,220 cars to Iran,” reported the Persian-language newspaper Ta’adol quoting a Renault statement.

The French major’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.

The company’s most popular car in Iran is called Logan or L90 which is produced through the complete knockdown (CKD) mechanism

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 energy 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.

By Press TV