ADVERTISEMENT

$200m Globe Motors rolls out Hyundai, Higer commercial vehicles

Globe Motors has commenced production of Hyundai and Higer commercial vehicles in its assembly plant in Lagos.

ADVERTISEMENT

The plant, located along Eleko-Ibeju-Lekki area of Lagos, with an installed capacity of 6,000 vehicles annually, is the product of over $200m investment which Globe Motors initiated three years ago which has become a reality; churning out brand new Hyundai and Higer commercial vehicles.

The company said the capacity could be increased depending on the market demand.

ADVERTISEMENT

Globe Motors is among the 30 local auto manufacturers accredited by the National Automotive Design and Development Council (NADDC) under the Nigeria Automotive Industry Development Plan (NAIDP).

Managing Director of the company, Mr. Victor Oguamalam, who spoke with reporters at the plant, said the project became a reality following tireless effort of the company to contribute its quota to the development of the auto industry in Nigeria.

 

Download Daily Trust News App

Get it on Google Play

Share this article

BREAKTHROUGH NATURAL CURE FOR PROSTATE ISSUES IN JUST 15 DAYS!!!

You Can Prevent PROSTATE CANCER!!!

Your PROSTATE ENLARGEMENT Is REVERSIBLE!!!

Don't Let It Threaten You!

To SHRINK And NORMALIZE Your PROSTATE Within 15 Days Without Surgery Or Chemical Drugs, Click Here!!!

Join us on


Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.