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With Honda Accord at N14m, Is There An Opening For Innoson Vehicle Manufacturers?

With Honda Accord at N14m……this should be an opportunity for Innoson Vehicle Manufacturers to gain market share.

The government has done well continuing the policy of supporting local car industry by dropping import duties for CKD vehicle parts.

More can be done including placing Innoson on the CBN list of “preferred” industries to access foreign exchange to import their inputs.

The FGN via the Nigeria Sovereign Wealth Fund can also adopt a strategic posture, go to the West and buy a failing car company and merge with Innoson giving them access to technology and Research & Development

In closing, this is an opportunity and Innoson cant do it alone.

 

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