Headlines
- MojaEV Kenya Launches NETA V Electric Cars for Nairobi
- The Japanese automaker Kobe Motor Company is keen to continue investing in Tanzania
- In Tanzania, TVS Motor Unveils TVS HLX 125 with 5-Gears
- Bolt and M-KOPA Collaborate To Introduce An Electric Motorcycle Fleet in Kenya
- Tanzanian auto enthusiasts are enticed by Mercedes-Benz
- Toyota plans to set up a vehicle manufacturing plant in Kenya
- Bolt plans to launch the Bajaj Qute car to the Kenyan market
- How Africa is set to blow past the rest of the world on electric motorcycles
- Inchcape Launches Changan Auto In Kenya
- Autoexpo Kenya to be held in Nairobi in 2024
South African Auto Sector in Line for $4 Billion Investment Boost
South Africa one of Africa’s top vehicle manufacturers, can anticipate a rise as much as 60 billion rand ($4.04 billion) invested in its vehicle and component sector over the next five years, a statement made by industry body NAAMSA.
President of the National Association of Automobile Manufacturers, Andrew Kirby (NAAMSA), stated that two-thirds of the money will be seven automaker’s direct investment with plants in the country, which also includes Toyota Motor Corp and Ford Motor Co, and the remaining 20 billion rand will be allocated for car parts.
Kirby, who also commands Toyota’s local unit, indicated in a statement, “Growing manufacturing volumes, expanding localization significantly and applying the latest technologies are imperative to revolutionize the South African Automotive Industry,”
Posted on : 27 Nov,2024 | News Source : ABNews
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