The deal between Iran Khodro and Mercedes-Benz Trucks includes creating a joint company that provides sales and after-sale services in the Islamic Republic.
A second deal would be also signed next month to create a joint venture in Iran for production of heavy vehicles including Actros trucks.
French PSA (PEUP.PA) -- the maker of Peugeots and Citroens -- and rival Renault (RENA.PA) have pushed hard into Iran since its 2015 deal with world powers that saw international sanctions lifted.
PSA has signed production deals worth 700 million euros ($768 million), while Renault has announced a new plant investment to increase its production capacity to 350,000 vehicles a year.
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