Renault and Pars Khodro have signed an agreement for the assembly and sale of the Renault Megane saloon in Iran from mid-2006.

Maximum capacity for the car at the Pars Khodro plant in Tehran will be 15,000 vehicles by 2008. The vehicles will be distributed by dealers selected from the Pars Khodro network.

Based in Tehran, Renault Pars is 51% owned by Renault and 49% by AIDCO, a conglomerate formed by the Industrial Development & Renovation Organization (IDRO) and the two leading Iranian automotive manufacturers, Iran Khodro and Saipa.

This project adds to the production and sale of the Dacia/Renault Logan by Iran Khodro and Saipa in Iran from 2006 and enables Pars Khodro to offer a fuller line of vehicles.