Some made-in-Nigeria Hyundai vehicles have gone into commercial sales in the country, the Stallion Group said yesterday.
They are being sold at prices between N1.594 million and N1.990, the Group Managing Director of Stallion Automobile Division, Aprvir Singh, said .
Stallion Goup Chairman Sunil Vaswani said the vehicles being assembled at the Hyundai Motor Plant in Lagos are “affordably priced,” in order to give Nigerians a break from the strangle-hold of wholesale vehicle importers.
Some of the Hyundai passenger cars which are priced between NGN1.5m and NGN1.9m, are
i10, Grand, Accent,Elantra and iX35.
In the truck and bus segments, the 10-ton HD160, seven-ton HD 120, five-ton HD78 and three-ton HD65 as well as 28+1 seater Hyundai County bus and 30-seater Stallion County bus are now being supplied to the market.
The company announced last month the commencement of locally-produced Hyundai range of vehicles, having inaugurated and rolled out the first set of made-in-Nigeria Nissan automobiles in April.
Hyundai Motors Nigeria Limited’s plant Managing Director Tokunbo Aromolaran said the vehicles are certified to the world’s highest automotive operating standard – ISO/TS 16949.” ISO/TS 16949 is the highest automotive operating standard in the world and its benefits include improved quality processes at the facility along with streaming supply chains both leading to a better overall product,” said.
The plant supported its ambitious growth plans by prioritising the need for a faster and more efficient environment to facilitate concurrent product development and support a rapidly changing requirement for a vehicle programme, Mr. Aromolaran added. He said: “Today, we are glad to inform Nigerians that we have delivered on our promise to make available affordably priced vehicles – thanks to strong-willed President Goodluck Ebele Jonathan and the indefatigable supervisory roles of the Federal Ministry of Industry, Trade and Investment headed by Dr. Olusegun Aganga.”
The plant director added that the first phase of delivery, established a system of record for the complete vehicle programme which will gradually be expanded to meet the ever-increasing demands for functional vehicle in Nigeria.
“Prospective customers can now walk into any of our dealership showrooms nationwide to buy value-driven made-in-Nigeria Hyundai certified vehicles.Hyundai i10, Grand, Xcent and Elantra are elegantly crafted functional cars with eye-popping styling, good fuel economy, and fantastic driving experience with modest starting price that is affordable to every desiring buyer,” Aromolaran assured.
Stallion Motors dealers in Lagos, Warri, Asaba, Anambra and Abakaliki have also commended the initiative, saying that this would expand customers’ options of below N2 million range of vehicles.
President GEJ you do well sir. we the good people of Nija are seeing your handwork. eg fuel scarcity have disappeared its like a dream to us. now Nigeria can buy tear leather car at affordable price. more grease to your elbow
ReplyDeleteGEJ.Many thanks
ReplyDeletegood job
ReplyDeleteN1.5 and N1.9? i think the price is still on the high side comparing with the monthly take home salary of many Nigerians
ReplyDeleteMy friend anonymous 10:59am,we've got to start somewhere, when others start,competition will force them to come down to where we want. Unavailability & relative scarcity was responsible for the high price. Don't forget so soon what happened in the telecoms market. The same SIM card people are buying currently at N100,was once sold for 30k. So we need to applaud the current efforts made by the GEJ govt so they can bring in more producers & thereby setting up the competition we need.
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