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Innoson Automobile Manufacturing firm (IVM) says it’s diversifying into the manufacturing of tricycles, within the firm’s newest effort to broaden its portfolio because it pushes for progress.
The corporate mentioned it plans to start out the manufacturing of IVM-branded tricycles in Nigeria later this yr and its foremost purpose is to assist crash the present value of tricycles within the home market.
“We’re most likely launching this yr and we’re going to produce one thing that’s eco-friendly,” Cornel Osigwe, Innoson’s head of company communications, advised PREMIUM TIMES on Friday.”We’re going to produce one thing less expensive and extra inexpensive that a median Nigerian can purchase.”
Innoson, primarily based in Nnewi, Anambra State, was based by Harmless Chukwuma. The corporate, reputed as Nigeria’s greatest car agency, says it produces 70 per cent of its automobile elements domestically whereas the remaining is sourced from Japan, China and Germany.
The agency has indicated it’s taking steps to department out of its core enterprise because it pushes progress. Final week, the Innoson Oil & Fuel Restricted introduced it was on the verge of discovering an enormous deposit of 8.2 trillion cubic ft of gasoline and 234 MMbbl of condensate in Sierra Leone.
Mr Osigwe mentioned the agency has already produced a prototype tricycle, broadly recognized in Nigeria as Keke, and the mannequin is being examined already within the Nigerian market.
“We produced about 100 prototypes that we gave out to totally different individuals to check run and provides us suggestions on it,” he mentioned.
“Proper now, we don’t have them in inventory on the market, those we produce are simply samples to collate info.
“We’re testing it and we’re getting totally different suggestions. One of many suggestions we bought is to make the engine biofuel which we’re going to do.
“So it would have the flexibility to make use of each gasoline and petrol,” he added.
He mentioned after gathering info from the those that have examined it, the corporate will launch the ultimate product later within the yr.
“We simply did a couple of samples, the principle tools that we’ll be utilizing to mass-produce remains to be on the best way,” he mentioned.
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