-2.1 C
New York City
Friday, February 23, 2024
Home NEWS Nigeria VON Nigeria Praises President Tinubu's Investment Mission in India

VON Nigeria Praises President Tinubu’s Investment Mission in India

VON Automobile Nigeria, a subsidiary of Stallion Group and maker of Ashok Leyland buses, has expressed its support for President Bola Ahmed Tinubu’s ongoing investment initiative in India. The initiative coincides with the 2023 G20 Summit taking place on September 9th and 10th.

Dr. Harpreet Singh, the company’s Managing Director, commended President Tinubu’s efforts and highlighted the prospective investment in Nigeria’s automotive industry that resulted from his visit to India.

President Tinubu’s meeting with Mr. Gopichand Hinduja, Chairman and CEO of the Hinduja Group of Companies, a conglomerate with a total asset portfolio exceeding $100 billion U.S. Dollars, led to the signing of a Memorandum of Understanding (MOU) for further investment in Nigeria’s automobile industry. Mr. Hinduja pledged a multi-billion dollar investment and expressed his commitment to bus and automobile manufacturing in Nigeria.

Dr. Singh welcomed the news, expressing confidence that President Tinubu’s administration would prioritize the nation’s automobile industry. He stated that VON Automobile, as a pioneer and leading automobile assembler since 2013, remains dedicated to supporting the government’s push for a clean and eco-friendly environment with mass transit buses running on clean and affordable energy sources. The company is currently modifying its locally assembled mass transit buses to run on compressed natural gas (CNG) and electric power.

The locally assembled Ashok Leyland buses, including the Falcon and Hawk models, have been available in Nigeria since 2014. These buses, designed specifically for the Nigerian environment, offer durability, power, safety, and a longer lifespan.

Dr. Singh emphasized that the CNG and electric-powered Falcon and Hawk buses will help reduce running costs for Nigerians, particularly in light of recent fuel subsidy removal measures. VON Automobile’s state-of-the-art service centers and certified technical specialists are also ready to provide world-class after-sales support to extend the lifespan of the buses.

VON Automobile’s assembly plant, located along Lagos – Badagry Expressway in Lagos, Nigeria, not only produces buses, but also cars, pickups, trucks, and other vehicles that serve as viable alternatives to imported fully built-up new and used vehicles.

©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[email protected]


Most Popular

Our Mandate is to Make Chery Number One Vehicle in Nigeria-Joseph Omokhapue, Sales Director, Carloha

Another Motor Show held in Lagos last weekend. A bit different from the usual, 2024 Lagos Motor Show featured, this time around, classic and...

Carloha Shines with Chery at Lagos Motor Show

Amidst exhilaration and funfare, Carloha Nigeria, the nation’s authorized dealer of Chery vehicles, put up a brilliant display of the brand’s line of vehicles...

African Auto Makers Make Case for Nigeria’s Auto Policy, as VW Pledges to Return

OPEYEMI OLOTU African Automotive Manufacturers have assured Nigerian government of their readiness to invest in the country once the nation’s National Automobile Industry Development Plan...