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2024: Toyota Projects 15,000 New Vehicle Sales in Nigeria

As it plans to roll out three electric vehicles in the country next year, Toyota Nigeria Limited has projected a total sales volume of 15,000 new vehicles in Nigeria by the end of 2024.

TNL Managing Director, Mr. Kunle Ade-Ojo, disclosed this while speaking with journalists at the maiden edition of the Toyota Motor Show held in Lagos recently.

He recalled that Nigeria recorded a total sales volume of about 10,000in 2023, with Toyota recording about 1,500 units.

Out of the sales boost, according to Ade-Ojo, Toyota Nigeria is out to double its last year’s performance to about 3000 units.

Ade-Ojo said, ‘’the company is rolling out three electric vehicles in the country in the next three years as part of its support for the government’s green deal initiative.

He gave the Toyota hybrid electric vehicles coming to Nigeria soon as the Toyota Cross, RAV4 and Land Cruiser Prado.

Kunle Ade-Ojo, Managing Director, Toyota Nigeria Limited

He said, “By the end of this year, we’ll be introducing our first hybrid electric vehicle, Toyota Cross. Next year, we’ll introduce the RAV4 hybrid. And late next year or early 2026, we would be bringing in the Land Cruiser Prado hybrid.

‘’TNL would be lending its big network of workshops to support the Federal Government’s campaign for the use of Compressed Natural Gas-powered vehicles through conversion.

“We are almost concluding arrangements with different partners to use our network of workshops for vehicle conversion to CNG-powered.”

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