Nissan and the Stallion Group yesterday announced their intention to jointly launch a vehicle assembly in Nigeria.
Chairman of Stallion Group, Mr Sunil Vaswani made this known in a statement yesterday.
He said the announcement is in expectation of a final approval by the federal government of the new Automobile Industrial Policy, designed to encourage the development of the auto industry in Nigeria.
Vaswani said with the joint venture, Nissan would become the first major international manufacturer to launch a vehicle assembly in the country following the new legislation. The parties have signed a memorandum of understanding (MoU) which will result in Stallion increasing capacity at its existing plant, VON Automobile Ltd in Lagos.
The plant’s annual capacity will be expanded to 45,000 units to assemble a range of cars, light duty trucks, pickups and vans and it is anticipated the first product to be introduced will be the iconic Nissan Patrol SUV in spring 2014.
Nissan President and Chief Executive Officer Carlos Ghosn said it is preparing to make Nigeria a significant manufacturing hub in Africa together with local partner Stallion Group.

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