Renault Pars Company | |
Native Name: | شرکت رنو پارس |
Native Name Lang: | fa |
Type: | Joint venture |
Foundation: | 24 March 2004[1] |
Location City: | Tehran |
Location Country: | Iran |
Industry: | Automotive |
Owner: | Renault (51%) IDRO Group (49%) |
Renault Pars (Persian: رنو پارس, Renou Pars, in Persian pronounced as /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]
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]