Headlines
- An Agreement to Increase Automotive Investment in Africa has been signed by AAAM and Afreximbank.
- Kenya Has Timely Power Strategy for Electric Vehicles
- Mobius Switches Gears in an Elusive Quest for an Ideal Kenyan Vehicle.
- Uganda's Auto Business Plans to Start Manufacturing Busses This Year
- Ghana, South Africa to Reap the Benefits of German Auto Industry Cooperation
- Diesel-Powered Bus for Long Runs Rolls Off Kiira Motors Assembly Line in Uganda
- Isuzu East Africa Re-Enters Tanzanian Market with the Opening of a Dealership
- Egypt can become an Automotive Hub says Nissan Africa Chief
- Nissan Appoints Japan Motors as Vehicle Assembly Partner in Ghana
- Scania Introduces Electrically Assisted Steering
Portugal auto firm looks to Kenyan base for cheap cars factory
Portugal-based auto-dealer is in conversation with a Kenyan assembler to initiate local production of low-cost Hyundai and Renault brands for sale across East Africa.
Salvador Caetano Group said, it is in discussion with unnamed local assembler as it wants to enjoy the tax benefit that comes with assembling cars in Kenya.Kenya Vehicle Manufacturer and Associated Vehicle Assemblers have been assembling locally for top brands like Mitsubishi, Scania, Tata Hino, Volkswagen and Toyota.
Caetano Kenya managing director Ezio Tuniz said the assembly of the two brands would ride on its recently introduced Sh350 million Kenya subsidiary on Mombasa Road in Nairobi that includes a showroom and an aftersales service bay.
“We are alive to the government’s policy that speeds up local assembly and collaborations with small and medium enterprises. We are examining the situation and will disclose our planned assembly plant investments in due course,” he said.
“Kenyans buy used family vehicles in big numbers due to their low pricing and we have done our evaluation that will inform the low-cost vehicles that we will gather locally.”
As a rule, Kenya exempts local vehicle assemblers from the 25 % import duty levied on fully-built imported vehicles. The incentive gives assemblers room to produce cheaper cars locally.
Kenya undermined what was once a thriving local assembly industry in the 1990s with policies that encouraged cheap second-hand imports. It is now looking to attract manufacturers back to help create jobs and support growth.
French carmaker Peugeot and Germany’s Volkswagen recently resumed car assembly locally, joining other brands based in Kenya including Toyota, Nissan and Mitsubishi.
Posted on : 11 Apr,2021 | News Source : gaadiwaadi.com
Exhibitions In Africa
- 23rd Autoexpo Kenya 2021
Sarit Expo Centre, Nairobi, Kenya - 23rd Autoexpo Tanzania 2021
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania - 04th Autoexpo Ethiopia 2021
Millennium Hall, Addis Ababa, Ethiopia
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