Innoson to roll out N1.5m cars in August

Nigeria's dream for an indigenous car that cater for the interests of low and middle class Nigerians desiring to own brand new cars will soon realized, thanks to Innoson Group of Companies.

 
The Nnewi-based indigenous automobile firm is set to launch its new products into the market that would address the desires and demands of a broad spectrum of Nigerians.

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Chairman and Chief Executive of the company, Mr. Innocent Chukwuma, said on Monday in Enugu that it would from August 8 introduce brand new cars into the Nigerian automobile market at the cost of N1.5 million.

Chukwuma said the cars which would be fully air conditioned and come with other gadgets were made for Nigerians to have access to brand new cars. The costliest of the coming cars, according to him, would be bought at N3.5 million.

Chukwuma, who spoke at the road show organised by Empower Nigeria at the Enugu campus of the University of Nigeria, Nsukka, told the students of the university how he started venturing into diversified enterprise.

He said: “I will launch my own cars in about two weeks time. And the cars will cost between N1.5 million and N3.5 million, depending on the cadre.”

The Innoson Group Chairman told the audience that his company was not into car assembly but actual car manufacturing.

Chukwuma said, “Some people think that my factory is an assembly plant, but they are wrong. We do not assemble, we manufacture.

“Eighty percent of Nigerians do not believe that we manufacture vehicles in my company. But we do manufacture. The raw materials are bought from different countries and some in Nigeria.”

According to the manufacturer, the workforce of his company has hit over 7,500.

 
He said he was happy to be contributing to the nation's economy.