Market News

  • Innoson Unveils First \'Made-in-Nigeria\' Cars

    Posted on :Thursday , 11th December 2014

    When Nigeria, on October 3, 2013, announced the introduction of a new automotive policy aimed at discouraging the importation of wholly assembled automobile and encouraging local manufacturing, it seemed like a tall dream. But building on recent local assembly successes, by Hyundai and Nissan, was last week’s unveiling of a new brand of cars by indigenous company, Innoson Motors.

  • Delphi Automotive Opens Third Factory in Morocco

    Posted on :Thursday , 11th December 2014

    Auto parts maker, Delphi Automotive Plc, has opened its third production unit in Kenitra, Morocco. The facility will provide jobs for another 1,700 people, bring the company’s total workforce to about 9000 people.
    It also confirms the attractiveness of Morocco’s automotive sector to European manufacturers.
     
    “Morocco offers a competit. . .

  • Nairobi: Chandaria Industries buys stake in low-cost car firm

    Posted on :Friday , 5th December 2014

    Billionaire businessman Mahesh Chandaria’s family has acquired an undisclosed stake in Mobius Motors, the start-up auto firm that is building Africa’s cheapest car.

     
    Chandaria Industries, makers of hygiene products that are the flagship of the Chandaria Group, made the investment through capital injection into Mobius in return for a stake in the early sta. . .

  • Nissan sets aside Sh1.3bn for new showrooms in Kenya

    Posted on :Thursday , 4th December 2014

    Nissan is set to open four new showrooms in major towns across the country in a Sh1.3 billion expansion plan which will also include opening of new service centres.

     
    Crown Motors, which in August replaced DT Dobie as the Kenyan franchise holder of the Japanese vehicle brand, said it would open showrooms in Mombasa, Kisumu, Eldoret and Naivasha by the end of next year. . .

  • Africa Lubricants Market worth 4,871.0 KT by 2019

    Posted on :Wednesday , 26th November 2014

    The report " Africa Lubricants Market by Type (Mineral Oil, Synthetic Oil, Bio-based Oil, and Greases), by Application (Passenger Vehicles, Commercial Vehicles, Aviation and Marine and Industrial Machinery and Equipment) - Global Trends & Forecasts to 2019", defines and segments the Africa lubricants market with anal. . .

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