Category

INDUSRTY NEWS

TummyTummy Articles (5)

What You Need To Know About Innoson Motors

By | INDUSRTY NEWS | 2 Comments

Innoson Vehicle Manufacturing (IVM) Co. Ltd is the first wholly indigenous and leading vehicles manufacturing company in Nigeria. IVM’s manufacturing and assembling plant is located in Nnewi, Anambra State. IVM OBJECTIVE The Innoson Vehicle Manufacturing was conceived to produce truly Made-in-Nigeria vehicles whereby a minimum of 60% of the content is manufactured locally providing employment for a lot of Nigerians…

Read More
Innoson IVM-G5

Nigeria’s Importation of New Cars Declines By 67% On Forex Challenges

By | INDUSRTY NEWS | No Comments

The foreign exchange liquidity problem that has affected importation of goods into the country, and raw materials for local manufacturing, is also taking its toll on the automobiles industry, THISDAY finding has revealed. The National Automotive Design and Development Council (NADDC) estimates annual imports at about 400,000 vehicles with 50,000 units as new cars valued at N679.65 billion ($3.45 billion)….

Read More