Dana Motors, authorised dealer of Kia vehicles in Nigeria has revealed that the Kia has concluded plans to source 90 per cent of its vehicle components in the country.
The organization said that the plan, which is in line with the automotive policy of the Nigerian government, was geared towards advancing Nigeria’s economy, in the face of dwindling oil revenue.
The Chief Commercial officer, of the organisation, Sandeep Malhotra stated in Lagos that “Nigeria remains an emerging and growing economy in the world with vast potentials for growth”.
According to Malhotra, “Kia Motors Nigeria is now focusing on local content utilisation in its made in Nigeria Kia cars. The plant in Lagos is progressing on schedule for the utilisation of local contents in its assembling process and currently sourced some of its parts including refrigerant, lubricant, and workshop consumables amongst others locally”
“It’s incumbent upon us as a local investor to help her realise its goals. As a company with an unswerving interest on the advancement of the nation’s economy, we have a plan to utilise 90 per cent local content in our assembly process to help strengthen the economy”, Malhortra stated.
Despite the numerous economic challenges the country is facing, he expressed optimism that Nigeria promises a large economy of scale.
Malhortra also revealed that KIA would focus on further strengthening its foothold and expanding its reach in the localization of Vehicle assembling in the country, as the company has produced over 4500 units of cars since its launch in the second quarter of 2015.
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