Multinational auto manufacturer, Groupe Renault has announced that it is re-entering Nigeria’s automobile space following a partnership agreement with Coscharis Motors Plc, one of the leading car dealers in the African country.
The auto dealer said that to kick start the strong cooperation, which would involve both local production and distribution, two of the Renault variants, namely Logan and Duster, would be assembled in the existing Coscharis Assembly facility in Lagos while Renault Kwid and Renault Oroch would be imported as Complete Built Unit in due course of the partnership.
The Senior Vice President and Chairman of the Africa, Middle-East, India region of Groupe Renault, Fabrice Cambolive said, “With a population of over 200 million, Nigeria is a strategic African country where Groupe Renault will extend its footprint.
It’s very unfortunate that many Nigerians don’t see the power in our population, we see it as a burden while foreign investors see it as Strategic Marketplace Initiative. MTN Group Limited saw Nigeria as a strategic African country. MTN came and smiled to the bank. Mohan Vaswani CEO of the Tolaram Group came to Nigeria with two containers of Indomie and he distributed it, at that time, the population was 90m. Today, every instant Noodle is Indomie.