Some 233,000 Peugeot vehicles were produced in Iran over the 2016, under the license of the French carmaker.
French carmaker PSA Group says its global sales in 2016 increased by 5.8 percent, to 3.146 million units including 233,000 vehicles produced in the Islamic Republic under the French carmaker’s license.
In the Middle East and Africa region, the PSA Group doubled its sales in 2016 with 383,500 vehicles, the company said in a statement on Wednesday.
In less than a year, the Group's return to Iran took firm shape with the signature of two joint venture agreements between Peugeot and Iran Khodro as well as Citroen with SAIPA.
The statement described Iran Khodro (IKCO) as "the brand's historic partner". IKCO is Iran's major automaker, producing about 600,000 cars a year.
Launched at the start of 2016 in partnership with the Iranian group Arian Motor, DS (a luxury vehicle brand of Groupe PSA) opened its first DS Store in Teheran and markets the DS 5, DS 5LS and DS 6.
According to the statement, PSA's global sales volume in 2015 stood at 2.972 million.
The output of Iranian carmakers over the first eight month of the current fiscal year (starting March 20) surpassed 820,000 vehicles indicating a 35.9 percent growth year-on-year.