Market News
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Uganda car dealers peg prices to US dollar as shilling woes continue
Posted on :Saturday , 25th July 2015
Big car dealerships like CMC Motors, Toyota Uganda, Nissan, Spear Motors and Tata all peg their rates to the dollar.
Mark Kass, the CMC Motors chief executive officer, said this week the decision to quote car prices in dollars was influenced by the high depreciation rate of regional currencies.“East Africa’s currenci. . .
Honda Motor Company begins car manufacturing in Africa
Posted on :Saturday , 25th July 2015
Japan’s Honda Motor Company has begun manufacturing cars in Nigeria, said the new chief executive Takachiro Hachigo
According to Hachigo, a part of Honda’s motorcycle factory in Nigeria has been retooled to manufacture Accord Sedans. The company plans to make 1,000 cars annually and hopes to increase production if the local market is responsive to . . .
Cost of importing used cars into the region set to increase by 5pc
Posted on :Tuesday , 14th July 2015
The cost of importing used motor vehicles into East Africa will go up by five per cent from next month after EAC ministers adopted new car importation and valuation rules.
The ministers agreed to enforce the new rules, including standardised depreciation rates with effect from July 1.In the new rules the depreciation rate for all moto. . .Africa Automotive Sensors Market grows
Posted on :Thursday , 2nd July 2015
DUBLIN - The Middle East & Africa automotive sensors market is expected to increase to $1.45 billion by 2018 at a CAGR of 6.08% over the period 2014-2020
The low cost & compact size, ecofriendly & bulk manufacturing capability, and energy efficient are the key drivers which are making the automotive sensors market to grow lucratively. Development of new applications f. . .
INDIA: Honda begins Jazz exports to South Africa
Posted on :Wednesday , 3rd June 2015
Honda Cars India has started exporting its small Jazz [Fit in some markets] to South Africa from its plant in Rajasthan where it increasing production of the model from 120,000 to 180,000 units a year.
Senior vice-president for sales and marketing, Jananeswar Sen, said exports to South Africa from the Tapukara factory had already started. The third generation Jazz goes into produ. . .Please Select an Option
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