Innoson moves into the big league with export of cars to Mali
In what is a major stamp of approval for its products, Innoson vehicle manufacturing this week signed a memorandum of understanding with the Mayor of Bamako, for the purchase of 400 Innoson vehicles. Preceding the MOU, was a visit to the factory by a Malian delegation which also included private sector operators from the country.
Implications for the company and industry
The sale of its cars in Mali opens a whole new frontier for the company. Innoson motors would earn foreign exchange from the transaction. If the Malians are impressed with the performance of the cars, they may decide to order for even more. Neighbouring countries around Mali, may also decide to purchase Innoson cars. Nigerians who may have been sitting on the fence in respect of buying Innoson cars, would also have a change of mind.
Increased production by the company could mean an expansion in its operations. This means workers would be employed and suppliers of parts Vehicle assembly plants in the country owned by Toyota Nigeria Limited and Hyundai could decide to look into exports.
Nigeria is not left out
Nigeria also stands to gain massively if the deal between Innoson and Mali pulls through. Other Nigerian products could also be exported. The government will also earn income from the exports made by Innoson. The move by Innoson is also proof that the government’s drive to expand the country’s export base seems to be working. The Minister of Agriculture few weeks ago, announced that Nigeria had started exporting yams to the United Kingdom.
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Innoson vehicle manufacturing first started with manufacturing of motor cycles in the early 2002, before moving to the production. The company has manufactured over 10,000 vehicles and has a branch network in over 20 states in the country, and according to claims by the company is Africa’s largest indigenous vehicle manufacturer.