Tinubu’s investment drive mission to India excites VON Automobile-CEO
President Bola Tinubu’s investment drive mission to India has been receiving applauses from corporate Nigerians among them VON Automobile Nigeria, a subsidiary of Stallion Group and maker of Ashok Leyland buses, which on Tuesday expressed its support for Nigeria’s ongoing investment initiative
The automaker, said that Tinubu’s investment mission which coincided with the 2023 G-20 Summit that held between September 9 and 10 in New Delhi, India, holds prospects that would further grow Nigeria’s automotive industry.
Managing Director of VON Automobile Nigeria, Mr. Harpreet Singh, applauded Tinubu’s efforts, highlighting the prospective investment in Nigeria’s automotive industry that resulted from his visit to India.
Singh said President Tinubu’s meeting with Gopichand Hinduja, Chairman/CEO of the Hinduja Group of Companies, a conglomerate with a total asset portfolio exceeding $100 billion, which led to the signing of a Memorandum of Understanding for further investment in Nigeria’s automobile industry, was a good initiative the will be mutually beneficial.
The meeting resulted into Hinduja pledging a multi-billion-dollar investment and expressed his commitment to bus and automobile manufacturing in Nigeria, hence, Singh expressed confidence that Tinubu’s administration would prioritise the nation’s auto industry.
He said that VON Automobile, as a leading automobile assembler since 2013, remains dedicated to supporting the government’s push for a clean and eco-friendly environment with mass transit buses running on clean and affordable energy sources.
The VON Automobile CEO pointed out that the company is currently modifying its locally assembled mass transit buses to run on compressed natural gas (CNG) and electric power.
He said the CNG, and electric-powered Falcon and Hawk buses will help reduce running costs for Nigerians, particularly in light of recent fuel subsidy removal measures.
He added that VON Automobile’s state-of-the-art service centres and certified technical specialists are also ready to provide world-class after-sales support to customers in order to extend the lifespan of the buses.
VON Automobile’s assembly plant, located along Lagos – Badagry Expressway in Lagos, Nigeria, not only produces buses, but also cars, pickups, trucks, and other vehicles that serve as viable alternatives to imported fully built-up new and used vehicles.
The locally assembled Ashok Leyland buses, including the Falcon and Hawk models, have been available in Nigeria since 2014. These buses, designed specifically for the Nigerian environment, offer durability, power, safety, and a longer lifespan.
Singh emphasized that the CNG and electric-powered Falcon and Hawk buses will help reduce running costs for Nigerians, particularly in light of recent fuel subsidy removal measures.
VON Automobile’s state-of-the-art service centers and certified technical specialists are also ready to provide world-class after-sales support to extend the lifespan of the buses.
