The University of Nigeria, Nsukka (UNN), and Hightech System Limited are to partner to set up tractors assembling and manufacturing plant as part of Higher Institution Tractorisation Initiative (HITI).
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Bajaj Auto, the world’s largest manufacturer of 3-wheelers, has announced plans to increase its assembly plant in Nigeria from one to at least three in the next two.
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Automotive plants set up under the Federal Government’s policy on industrialisation are on the verge of shutting down owing to an unfavourable operating environment and low demand for brand new vehicles.
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The Federal Government in a bid to encourage the patronage of made-in-Nigeria vehicles has said it would soon commence the design of local vehicles that would reduce the preference of Nigerians for foreign brands.
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The Asset Management Company of Nigeria, AMCON, has disclosed that it is close to selling Peugeot Automobile Nigeria, PAN, Ltd to Aliko Dangote, and two Nigerian states.
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Nigeria’s Auto Industry is expected to import and sell between 8,000 and 10,000 new vehicles this year, which is lower than the 15,000 projected at the end of last year.
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With an eye on its expansion drive in the Nigerian economy, GAC Motor, one of the brands under the Choice International Group (CIG) in Nigeria, recently marked a milestone when it signed a new business partnership deal with the largest conglomerate not only in Nigeria but in Africa, the Dangote Group.
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Currently building about five units of vehicles on a single shift per day, Dangote Sinotruck West Africa Limited has revealed its first set of locally assembled truck in Lagos.
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The first set of Nigeria-assembled Toyota cars will be rolled out in a couple of months, the Chairman, Toyota Nigeria Limited, Chief Michael Ade-Ojo, has said. He spoke in Lagos at the unveiling of an automobile assembling plant dedicated to the production of two vehicle brands, Toyota and JAC, with a target of 15,000 vehicles yearly. “The semi-knocked down parts […]
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The Federal Government has set up N25bn revolving loan scheme for transport companies in the country for purchase of mass transit vehicles. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, disclosed this in Abuja on Tuesday at the opening of a two-day national workshop for chief executives of mass transit companies. Enelamah said the initiative was aimed at […]
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New after-sales initiative introduced by Elizade Toyota is aimed at helping Nigerians survive current economic slowdown, the organisation has said. Managing Director of Elizade Nigeria Limited, Ademola Ade-Ojo, said the organisation has introduced a driver loyalty card, expanded its maintenance centres and currently considering a discount voucher reward system that would offer 50 per cent discount on service and 17.5 […]
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As part of measures to support Nigeria’s National Automotive Industry Development Plan (NAIDP, representative of Suzuki Motors in Nigeria, Boulos Enterprises Limited said it will soon begin to roll out Suzuki vehicle in the country. The organisation, which ceased its representation of a three-wheeler, Piaggio earlier in the year, told The Guardian in Lagos that it has made progress in […]
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