Renault expects further growth in India and Iran’s market

EghtesadOnline: French carmaker Groupe Renault reported record sales for 2016 thanks to growth in Europe and in overseas markets such as India and Iran, and it expected more progress this year.

News ID: ۷۳۹۲۸۱

18 January 2017

Sales rose 13.3 percent last year and vehicles sold in 2016 topped 3.18 million vehicles - a sales record, it said.

"Our strategy of product range renewal and geographic expansion, under way for several years now, has proven to be successful. It enables the Groupe Renault to progress significantly in terms of volume and market share in every region," said Thierry Koskas, member of Renault's executive committee, in a statement.

According to ILNA, Renault's figures painted a similar picture to that of rival PSA which last week also reported higher sales, with the lifting of international sanctions against Iran boosting PSA's sales there.