-2.1 C
New York City
Thursday, December 8, 2022
Home NEWS Nigeria MD, Peugeot Nigeria Calls for Full Implementation of Auto Policy

MD, Peugeot Nigeria Calls for Full Implementation of Auto Policy

ANN ALLEN (London Bureau Chief)

[dropcap]P[/dropcap]resident Muhammadu Buhari-led Federal government has been urged to embark on full implementation of the nation’s auto policy as set out by its predecessor.

Ibrahim Boyi, MD, PAN Nigeria Limited
Ibrahim Boyi, MD, PAN Nigeria Limited

The advice was contained in a recent statement credited to the Managing Director of PAN Automobile Nigeria Limited, Mr. Ibrahim Boyi.

Although the PAN boss thumped up for the House of Representatives’ decision to patronize Peugeot 508, as a result of which he claimed sales of the model had soared, in his view, full implementation of the auto policy will not only be more impetus to local auto assemblers, but would also inject desired torque into the growth of the nation’s auto industry.

According to him, certain steps taken to clamp down on alleged sharp practices by certain players in the auto industry has started yielding benefits for Peugeot brand in Nigeria.

He explained: “Some companies had some advantages in the past, because of some sharp practices they were involved in.

“But you know nobody else will provide the type of pricing that they are providing, our pricing is very transparent and very structured, so we are not cutting corners we make sure we get our pricing right.

“We cut down on our logistics to be more efficient and that is why we are able to put these products in the market with a better price than the competitor.”

Notwithstanding, the PAN MD enthused that demand and acceptability for the Peugeot 508 has soared in recent times, adding that his company is, more than other locally assembled brand, enjoys the patronage of government agencies as well as private sectors, including UBA and Heritage Bank, which Mr. Boyi claims buy Peugeot brand in hundreds.

“From last year,” Boyi stressed, “I am sure you have seen more Peugeot cars; there is no doubt about that. Even in terms of our spread, it is not just the government, the biggest vehicle we sold are to private organisations; UBA, Heritage bank, these are organisations that buys car in their hundreds”.

©Copyright MOTORING WORLD INTERNATIONAL.
All rights reserved. Materials, photographs, illustrations and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior written permission from Motoring World International

Contact: editor@motoringworldng.com

 

Most Popular

Volkswagen CEO to Present Software ‘Reality Check’ To Board

Volkswagen's (VOWG_p.DE) CEO will outline a new software and vehicle platform strategy to the carmaker's supervisory board on Dec. 15 as he tries to...

Toyota Set for 2023 Dakar Rally With Three-Car Team

TOYOTA GAZOO Racing is set to take on the 2023 Dakar Rally with a three-car team early in January. The defending champions, Nasser Al-Attiyah and...

New Fully Electric Volvo C40 Recharge Heads for South Africa

The new fully electric C40 Recharge is scheduled to join Southern Africa’s range of electrified vehicles in the first half of 2023. Offering many of...

Hyundai IONIQ 5 Wins Car of the Year Award

The 2022 Hyundai IONIQ 5 has earned Esquire’s Car of the Year this month, adding another coveted award to its growing trophy case. Every year, Esquire editors drive and...
%d bloggers like this: