Despite the ban on the use of motorcycles as a means of human transportation in major cities in Nigeria, foreign investors are still able to sniff untapped opportunities in Nigeria’s transport and motorcycle industry.
 
According to data from the National Bureau of Statistics (NBS), the motorcycles usually imported from India, China, Indonesia, and Japan contributed N416 billion to the total imports in 2020, this is however a 14 percent drop from the N486 billion it contributed in the same period of 2019. The drop may be attributed to the impact of the Coronavirus pandemic.
 
In 2018, it achieved N204 billion, which represented an increase of 183 percent from the N72 billion realised in 2017; although data for the second quarter of 2017 was not available…
 
More details through:
https://businessday.ng/real-sector/article/foreign-manufacturers-look-to-tap-nigerias-153m-motorcycle-industry/
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Piaggio Vehicles Pvt Ltd (PVPL), a 100 percent subsidiary of the Italian Piaggio Group and India’s leading manufacturer of small commercial vehicles has announced its distribution partnership with Bhojsons Group of Nigeria.
 
Bhojsons Group is a renowned conglomerate Headquartered in Lagos with diversified business interests in varied sectors spanning automobiles, fast-moving consumer goods, consumer durable goods, power solutions, packaging solutions, polymers, agricultural machinery, domestic machinery and infrastructural needs for the telecom industry.
 
Through this partnership, Piaggio, the pioneer of 3 wheelers, aims to introduce a diverse product portfolio that includes passenger and cargo 3 wheelers under its flagship brand Ape’…
 
More details through:
https://www.sunnewsonline.com/piaggio-bhojsons-group-collaborate-to-distribute-ape-tricycles/
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Governor Babajide Sanwo-Olu of Lagos State yesterday launched 400 mini and high-capacity buses in the First and Last Mile (FLM) bus scheme to connect various communities.
 
At the launch of 300 mini-buses, he noted that the initiative aims to take care of commuting the main transit corridors. The governor also commissioned newly acquired 100 High-Capacity BRT, City Buses into operation by the Lagos Bus Services Limited (LBSL)…
 
More details through:
https://dailytrust.com/sanwo-olu-launches-400-metro-buses

The first electric car assembled in Nigeria by Sokoto-born Aliyu Jelani-led National Automotive Design and Development Council is the cynosure of all at the ongoing trade fair holding in Sokoto.
 
Jelani, an erstwhile America’s General Motors designer of 2004 Pontiac G6 and 2010 Chevrolet Volt is currently the Director-General of the National Automotive Design and Development Council…
 
More details through:
https://punchng.com/electric-car-debuts-at-sokoto-trade-fair/
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More new cars were registered in Lagos last year, 2020, despite COVID-19 and the economic challenges it brought along. It would appear shocking, considering decline in incomes and the need for people to shore up their savings as the year turned out increasingly unpredictable…
 
More details through:
https://businessday.ng/business-economy/article/lagosians-bought-more-cars-in-2020-despite-covid/
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The year 2020 will most probably be recorded in history as one of the most challenging years the world had to face – the human tragedy of the COVID- 19 pandemic and the devastating impact on business across the globe.
 
The automotive industry was not spared the subsequent effect of this pandemic, with some domestic markets experiencing extraordinary challenging trading conditions. However, the JAC Motors Group, one of the rising stars in the automotive industry, has announced that its annual sales in the Chinese domestic market have grown to 453 000 units.
 
This sales performance is 7.6 per cent higher YoY despite new-vehicle sales of the most prominent car market in the world declining by 1.4 per cent YoY, mainly due to the impact of COVID-19…
 
More details through:
https://www.newtelegraphng.com/jac-motors-recording-growth-in-nigeria-others/
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The Federal Government has said its reforms in the automotive industry attracted investments worth over $1bn in 2019. The Director-General, National Automotive Design and Development Council, Mr Jelani Aliyu, made this known at the House of Representatives in Abuja on Wednesday.
 
The House had set up an ad hoc committee which is organising a two-day investigative hearing on the budgetary approvals and multilateral donations on skills acquisition and related programmes of the Federal Government and its agencies.
 
Aliyu said, “We have the core responsibility of developing the automotive sector. That is to encourage and promote the assembling and production of the vehicle in Nigeria, as opposed to continued importation of them from overseas and exporting jobs and revenues outside of Nigeria…
 
More details through:
https://punchng.com/automotive-industry-attracted-1bn-in-2019-says-fg/

Hyundai Motors Nigeria has launched locally assembled petrol-powered Hyundai Kona and the all-new 2021 Hyundai Grand i10 Sedan into the Nigerian market.
 
The company had launched the Hyundai Kona Electric last year in Lagos and Abuja respectively. The new petrol-powered cars are to provide options to the Hyundai Kona Electric vehicle customers. The brand’s Head (Sales and Marketing), Gaurav Vashisht, said HMNL launched the petrol-powered option of Kona for its regular customers, according to a statement signed by the automobile’s Marketing & Media Lead, Olu Ibironke…
 
More details through:
https://punchng.com/hyundai-launches-petrol-electric-cars-in-nigeria/

Nigeria has imported 4.25 million used vehicles as local production slumped by 57.2 per cent from 350,000 units to 150,000 units within four year.
 
The used vehicles were shipped into the country between 2017 and 2018 when exchange rates was between 367 and 379.5 per dollar. Data obtained from International Trade Administration (ITA) revealed that 734,659 units of used vehicles were imported into the country in 2017, while in 2018, it ferried 1.22 million units; 2019, 1.3 million units and 2020, one million units.
 
Although, the imports was reduced by 23.1 per cent last year from 1.3 million units to one million units, the trade portal noted that total global vehicles importation into the country was $11.24 billion between 2018 and 2020, noting that the country received $2.24 billion worth of used vehicles in 2018, $5.63 billion in 2019 and 2020 $3.37 billion…
 
More details through:
https://www.newtelegraphng.com/used-vehicle-import-hits-4-25m-units/
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Jelani Aliyu, Director-General of the National Automotive Design and Development Council (NADDC), has declared that the automotive testing centers in Lagos, Enugu, and Zaria in Nigeria should be operational this year.
 
While speaking in a news interview, the DG, announced that the Federal Government is going all-out in its industrial revolution plans, made this revelation. In his address, Aliyu noted that the testing facilities in Lagos, Enugu, and Zaria, which are currently in the final stage, will not only provide technical support services to key players in the automotive sub-sector but will also ensure that the automotive industry complies with global standards…
 
More details through:
https://dailytimes.ng/automobile-testing-centers-in-lagos-enugu-and-zaria-to-be-completed-in-2021/