The French car firm, Renault, has refurbished its car plant in Iran with plans to produce 300,000 car annually.
The car making project is a joint venture between the Iranian government, a private firm and Renault.
Renault holds 60% equity in the business, located at Saveh, 74 miles south – west Tehran.
Mansour Moazami, Head of Iranian Industrial Development Organization, said the first phase of the project will lead to the production of 150, 000 vehicles in eighteen months.
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Renault currently produces 200,000 cars annually in Iran.
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