More Nigeria assembled vehicles hit the market as Hyundai, Higer vehicles roll out from Globe Motors plant

Must Read

TAJBank Launches Nigeria’s 2nd Non-Interest Financial Institution (Photos)

Abuja Nigeria   December 2nd 2019, TAJBank, Nigeria’s second Non –Interest financial institution, has announced the launch of its services...

Hotel Group BON to Open 22 Properties in Nigeria’s Major cities, Secondary towns

International hospitality group BON Hotels says it plans to open over 22 hotels in Nigeria’s major cities and secondary...

Amazing Ankara Styles To Wear To An Occasion

If you have been recently invited to a wedding in Nigeria, there are lots of good options. From Aso Ebi to lace...
- Advertisement -
- Advertisement -

Foremost automobile marketing company in Nigeria, Globe Motors has started production of Hyundai and Higer brands of vehicles in its assembly plant in Lekki, Lagos.

Located along Eleko-Ibeju-Lekki area of Lagos, the plant, for now, has an installed capacity of 6,000 vehicles annually which the company says can also be increased depending on market forces.

The once flamboyant automobile industry in Nigeria, which became comatose owing to some internal crises in the 1990s, is springing back to life owing to fresh policies put in place by the federal government to assuage importation of cars and boost local manufacturing.

The Managing Director, Mr Victor Oguamalam, in an interview with journalists at the plant, said that “Though we are not producing at installed capacity, we have started production at the plant since 2017. We currently have a yearly installed capacity of 6,000 vehicles at the plant, but daily production is subject to market and other forces,” he said.

According to him, over 50 staff are working in the plant including engineers, technicians and administrative staff. For now, he said, the company is operating at Semi Knock Down (SKD) level and plans to move to Complete Knock Down (CKD) stage as soon as possible.

Read:  Excitement, Anticipation As Konga Yakata Begins Nov.11

The government introduced a new set of policies to revive the industry, most of which were amended from those introduced in August 1993 with input from the National Automotive Council (NAC), the Nigerian Automobile Manufacturers Association (NAMA) and car makers such as Toyota, Honda and Nissan of Japan. These also identify locations for auto manufacturing, create auto training centres and urge cooperation with universities to train future auto engineers.

Read:  Stay Connected and Get Rewarded with Exciting Benefits from DStv

Oguamalam reiterated that “Before we started assembling, Hyundai engineers came and set up the plant, trained our staff for months and we took it up from there.

They came in two batches, made up of the group of engineers who installed the equipment and set up the assembly lines and the marketing department who took our staff on the marketing aspects of the business.

Read:  Med-View Airlines sets to resume operations as aircraft arrives

“Even the engineers who came to put us through mere amazed at the competence of our staff. They confessed that technical staff in Nigeria are knowledgeable and pick faster than in other countries where they tried to set up plants.” He attributed their ability to pick up fast to the fact that most of their staff was drawn from existing auto garages and Globe Motors workshop across the country. “Globe Motors is reputed for its competence in automobile maintenance and we are replicating this in our assembly plants.

For over 30 years, we have been in the business of automobile so we are not new in this line of business,” he said.

Also conducting journalists around the facility, the Plant Manager, Simon Njere, explained that the plant compares with the very best in the country.

“We are well equipped with modern facilities for checking the quality of products we are producing here and our equipment are procured from Korea,” he said.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

News Highlights of November 2019 (Video)

It was a November to remember, as the battle for survival continues among brands, new ventures, opportunities, investments and the making of a payment...

Video Streaming Market to Reach $149.34 Bn Globally by 2026 at 18.3% – Report

Allied Market Research published a report, titled, "Video streaming market by Component (Solution and Services), Solution Type (IPTV, Over-the-top, and Pay TV), Streaming Type (Live/Linear...

Lagos State to commence issuance of license, permit for Boreholes Drilling in 2020

Lagos State Water Regulatory Commission is to commence issuance of licenses and permits for water abstraction in the state by the first quarter of...

May & Baker Nigeria Agrees to Manufacture 4 Product Brands for Sanofi in New Deal

The National Agency for Food & Drug Administration & Control (NAFDAC) has expressed strong support for the efforts by Sanofi, a multinational healthcare company,...

More Articles Like This