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From Wikipedia, the free encyclopedia
Renault Pars (Persian: رنو پارس, Renou Pars, pronounced [ɾeˈnou ˈpɒːɾs]) is an Iranian joint venture established in 2004 and owned by Renault and Iran's Industrial Development Renovation Organisation (IDRO).[2] The company is in charge of managing the assembly of CKD Renault cars by local manufacturers Iran Khodro and SAIPA's Pars Khodro.[3][4]
Native name | شرکت رنو پارس |
---|---|
Company type | Joint venture |
Industry | Automotive |
Founded | 24 March 2004[1] |
Headquarters | , |
Owner | Renault (51%) IDRO Group (49%) |
Website | renault-iran.com |
Renault cars were manufactured in Iran as early as December 1976, when a local company started the production of the Renault 5.[5] However, several restrictions made difficult for Renault to manufacture locally. The restrictions were reduced in the 1990s[4] and Iran SAIPA produced various Renault cars, including the 5 and the 21.[6]
On 24 March 2004, Renault, IDRO and the Presidents of Iran Khodro and SAIPA signed the agreement which established Renault Pars.[1] The company organises the assembly of imported CKD cars, but the engines are produced locally.[3]
By 2018, Renault had left the Iranian market, but its cars were still being made by its local partners. By 2020 SAIPA (Pars Khodro's parent) was making a updated version of the original Dacia Logan called the SAIPA Renault Pars Tondar with over 85% of local parts, according to company CEO Javad Soleimani.[7]
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