Market News

Hinduja Group flagship firm Ashok Leyland has announced bagging of two large integrated transport projects in Tanzania and Zimbabwe worth a total of $79.2 million.    As part of the project, the company will supply trucks, buses, light commercial vehicles, spares and allied support servi . . .

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 lubricant . . .

Hyundai, a South Korean automotive manufacturer, has unveiled a $5.45 million Hyundai car assembly plant in Mozambique’s capital city, Maputo. “The plant has an installed capacity to assemble 4,500 cars per year and in an initial phase will assemble five vehicles per day, which will i . . .

A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago. The car, which trades under the brand name Mobius, entered the showrooms this month at a price of Sh950,000 – making . . .

Matchedje Motor, a sole national automotive company that on Thursday last week launched campaign to sell its first 100 all-terrain vehicles priced at US$19,600, is planning a second-phase expansion of its vehicle manufacturing factory to produce 100,000 vehicles annually. The company, which is curr . . .