Business Trends & Strategies, Creative & Inspiring

Toyota Unveils First Locally Assembled Vehicle In Nigeria


History was made in Lagos on Monday, March 21, when Nigeria’s first locally assembled vehicle was unveiled by .

The car making company had earlier planned to establish a vehicle assembly plant in the country alongside Nissan, Ford, KIA, Peugeot and a host of other auto firms already assembling vehicles locally.

The managing director of , Kunle Ade-Ojo, revealed that the new Toyota Hiace vehicle was assembled in the company’s plant in Lagos. He said it was built with 30,000-unit production capacity every year.

According to him, the Hiace was assembled as a test case as the firm looks forward to a mass production in coming months.

This breakthrough is coming just after two and a half years after the announcement of the Automotive Industry Development Plan by Nigeria’s , which raised the on cars from 22 per cent to 70 per cent in order to discourage vehicle .







You Might Also Like

Leave a Reply