Market News

  • Mahindra Commenced vehicle assembling in Kenya

    Posted on :Monday , 26th October 2020

    Indian automaker Mahindra & Mahindra has started assembling two of its small commercial trucks in Kenya, becoming the latest global carmaker to start operations in East Africa's richest economy.

    Mahindra's entry follows that of French carmaker Peugeot SA and Germany's Volkswagen AG, both of which announced resumption of local assembly in 2017 and 2016 respectively, after decades-long. . .

  • Proton Dispatched Its First Batch of Proton Saga to Kenya

    Posted on :Monday , 26th October 2020

    PROTON Holdings Bhd steps into Kenyan market by sending the first batch of cars to the republic.

    The cars, totalling 30 units of Proton Saga, were shipped as completely knocked down (CKD) kits and will be assembled by Simba Corp, a diversified conglomerate with a long history of sales and assembly experience in the automotive industry.

    Proton deputy CEO Datuk Radzaif Mohamed said . . .

  • Kenyan New Car Sales Recover After Ease in Covid-19 Curbs

    Posted on :Thursday , 1st October 2020

    Sales of new motor vehicles have incorporated recovering from the economic fallout of the Covid-19 pandemic following the reopening of the economy starting July.

    Travel restrictions and the panic induced by the disease saw orders plummet to a low of 568 units in May.

    Sales have, however, increased steadily to reach 1,044 units in August and nearly matched the peak of 1,049 units i. . .

  • Proton Holdings, the Malaysian Car Maker Enters Kenyan Market

    Posted on :Monday , 7th September 2020

    In a welcome boost to Kenya’s industrialization and job formation pillar under the “Big Four” agenda, the carmaker released shipments totaling 30 units of CKD (Completely Knocked Down) kits.

    The vehicles will be massed by Simba Corporation (SimbaCorp), a diversified Kenyan conglomerate with a long history in the car sales and assembly i. . .

  • Kenya has Great Potential to Become East African Auto Industry Hub

    Posted on :Friday , 28th August 2020

    The automotive industry is recognized as an important contributor to Kenya’s manufacturing pillar under the Big Four agenda, which is anchored in Vision 2030, Kenya’s long-term development blueprint in which industrialization and economic transformation are crucial goals.
     

    This backdrop highly controlled the development of the National Automo. . .

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