Khodrocar reports from IDRO-Renault signing agreement (1);
The 660 million euros investment for car production/ Iran connects to Renault
IDRO CEO: Next year, we will produce 154 thousand vehicles of our first joint product and they will be available in the market; The first phase of investment is 660 million euros.
According to Khodrocar journalist, Mansour Moazami told Khodrocar during the signing agreement conference: After 10 months of intensive negotiation, it has been agreed to sign an agreement, with IDRO’s 20 percent participation. This is the tenth contract.
He adds: First phase of the investment will be 660 million euros and includes the production of Duster and Symbol models.
IDRO CEO said: By signing this contract, part makers and other partners will connect to Renault’s distribution network.
Moazami emphasized: This contract includes the chassis and gearbox production.
Completing...
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