Market News

Nigeria: Mahindra Expands Operations to Nigeria
Nigeria: Mahindra Expands Operations to Nigeria
24 August 2015

Mahindra Two Wheelers Limited, a member of the Mahindra Group has expanded its business operation to Nigeria with the launched of its two wheeler range in the country. Mahindra Group is a $16.9 billion automotive global business.   The firm has also appointed M/s VIP Merchandise Enterprise Li . . .

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Govt now owns 100 % shares in General Tyre.
Govt now owns 100 % shares in General Tyre.
22 August 2015

 The government has acquired 100 per cent stake in the defunct General Tyre East Africa (GTEA) in an effort to revamp the once model tyre manufacturing plant in East and Central Africa.   However, despite the previous arrangement that gave it the majority shareholder of 74 per cent with . . .

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Ford to begin assembly of Ranger pickup trucks in Nigeria
Ford to begin assembly of Ranger pickup trucks in Nigeria
21 August 2015

Ford Motor Company has announced that it will begin assembly of the Ford Ranger pickup truck in Nigeria from Q4 2015 as part of its expansion plans for the Middle East and Africa The pickup will be assembled in Ikeja, situated in Lagos State. For the project, Ford is partnering with its dealer gr . . .

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Tata Motors owned JLR continues to bet big on Middle East and North Africa
Tata Motors owned JLR continues to bet big on Middle East and North Africa
17 August 2015

Bruce Robertson, managing director for the MENA region for Jaguar Land Rover (JLR) said that the company will invest in Middle East and North Africa (MENA). "We are going to continue to grow and we remain firmly committed to the Middle East and North Africa.Our dealerships will rise fr . . .

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Nissan to announce production plans for Rosslyn plant by end - 2015
Nissan to announce production plans for Rosslyn plant by end - 2015
17 August 2015

Nissan South Africa (SA) would make an announcement on the production of new models at its Rosslyn plant, near Pretoria, by the end of the year, said Nissan SA MD Mike Whitfield on Tuesday. Print Send to Friend 0 0 Speaking at a media dinner in Johannesburg, he noted that he expected the announcemen . . .

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