During the month ending May 21, Iranian carmakers produced 87,821 cars and commercial vehicles, registering a 16.1% decline compared with a combined output of 104,684 units in the corresponding month of the year before
Iranian automaker SAIPA on Thursday signed a joint venture deal with French carmaker PSA Peugeot Citroën to build and sell vehicles for its Citroen brand in the country.
French Renault automobile manufacturer is to be in Iran's market with five new products, an official at Development and Renovation Organization (IDRO) of Iran announced.
