Market News

 Japan’s Honda Motor Company has begun manufacturing cars in Nigeria, said the new chief executive Takachiro Hachigo   According to Hachigo, a part of Honda’s motorcycle factory in Nigeria has been retooled to manufacture Accord Sedans. The company plans to make 1,000 cars an . . .

The cost of importing used motor vehicles into East Africa will go up by five per cent from next month after EAC ministers adopted new car importation and valuation rules.   The ministers agreed to enforce the new rules, including standardised depreciation rates with effect from July 1. &nbs . . .

DUBLIN - The Middle East & Africa automotive sensors market is expected to increase to $1.45 billion by 2018 at a CAGR of 6.08% over the period 2014-2020 The low cost & compact size, ecofriendly & bulk manufacturing capability, and energy efficient are the key drivers which are making the automot . . .

Honda Cars India has started exporting its small Jazz [Fit in some markets] to South Africa from its plant in Rajasthan where it increasing production of the model from 120,000 to 180,000 units a year. Senior vice-president for sales and marketing, Jananeswar Sen, said exports to South Africa fro . . .

Daimler's South African Mercedes-Benz plant in East London, Eastern Cape province, has built its one millionth passenger car - a white, right hand drive, C-Class sedan. The latest generation has been produced since May 2014 in East London - one of four factories world wide making the model line - . . .