Market News

  • Portugal Auto Firm Eyes Kenyan Base for Cheap Cars Factory

    Posted on :Friday , 31st July 2020

    Portugal-based auto-dealer is in conversation with a Kenyan assembler to initiate local production of low-cost Hyundai and Renault brands for sale across East Africa.

    Salvador Caetano Group said, it is in discussion with unnamed local assembler as it wants to enjoy the tax benefit that comes with assembling cars in Kenya.Kenya Vehicle Manufacturer and Associated Vehicle Assemblers have b. . .

  • Drivelectric Kenya Geares Up For Driving of Electric Vehicle in Kenya

    Posted on :Monday , 20th July 2020

    A subsidiary of Knights Energy Kenya, Drivelectric Kenya, is offering Kenyans a platform to switch to electromobility.

    Driveelectric Kenya’s set of services is tailored to take away the risks (both financial and technological) for its customers, who like in most parts of the world are new to the world of electric vehicles.

    Driveelectric caters EV Consultancy, fl. . .

  • Nissan to Launch 7 New Models in Africa to Enhance Growth

    Posted on :Wednesday , 15th July 2020

    Nissan Motor Co aims to launch seven new models in Africa over the next two years, company executives said last month, as the Japanese automaker seeks to focus on high-growth markets to try to weather the impact of the COVID-19 situation.
     

    The company released a plan last month to cut the number of models it makes globally and improve efficiency after the pandemic brought about i. . .

  • Mahindra launches locally assembled Scorpio pick-up vehicle in Kenya

    Posted on :Tuesday , 10th March 2020

    Mahindra & Mahindra (M&M) through a partnership with Simba Corporation, which is a prominent commercial organization in Kenya, dealing in motor vehicle sales and service, recently declared the launch of its locally assembled Scorpio pick-up vehicle in Kenya. 

    M&M mentioned in a statement that the introduction of locally assembled pick-ups that are custom built for the Ke. . .

  • Deere taps tractor-hailing tech in bid to break ground in Africa

    Posted on :Monday , 9th March 2020

    It's ride-hailing, farm style. Deere & Co. is pairing up with the "Uber of tractors" in Africa and betting on a prospect where farmers summon machines with the touch of a button.

    The world's leading farm equipment manufacturer is supplying its tractors with startup Hello Tractor's technology, which permits farmers to hail the machines through an app. It also monitors the vehicles' ac. . .

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