Market News
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New car sales hit record high on rising demand
Posted on :Thursday , 15th January 2015
Rising demand for luxury cars and increased orders for commercial vehicles pushed new motor vehicles sales to a record high last year, reflecting wealthy Kenyans’ growing penchant for high-end goods and vibrant economic activity.
Data from the Kenya Motor Industry Association (KMI) shows that new vehicle dealers sold 17,499 units in 2014, marking a new high . . .Tata draws up plans for Kenyan vehicle market
Posted on :Thursday , 11th December 2014
India’s Tata Group yesterday said it is in talks with partners in Africa to set up new assembly lines for commercial and passenger vehicles in Kenya and Tunisia.
Tata Motors head of international business R.T. Wasan said that the company will form alliances to sell commercial vehicles in Africa.“We have identified a few pa. . .TVS makes a foray into Kenya
Posted on :Thursday , 11th December 2014
TVS has officially commissioned its assembly line at Nakuru, Kenya. It has also officially announced that there will be two bikes launched specifically catering to the usability, reliability and durability needs of the Kenyan markets.
TVS has been present in the Kenyan market for more than 10 years and shares its distribution efforts with Kenya-based Car & General. The TVS. . .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. . .Please Select an Option
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