Just when we thought Innoson was the only Nigeria based car manufacturer, we found out that there’s another Nigerian based car manufacturing company in Kano, Nigeria.
Wait, who is Innoson?
Innoson is a Nigerian-based vehicle manufacturing company whose purpose is to wipe out “Tokunbo” (foreign used) automobiles from the African market. You might also know them as the company battling with Guaranty Trust Bank in Court right now.
So who’s the other company in Kano?
Meet National Truck Manufacturers Ltd (NTM). (Try to say the acronym aloud and listen to your brain battle with MTN. Haha!)
NTM is also known as “Kano Cars”. They came into production in the 1970s, worked for a bit, then shut down in 1987 due to economic issues, but returned again in 2002 but as a private company. What a bumpy ride.
Is NTM a threat to Innoson?
For now, they are not. Maybe later on, though. NTM focuses on the production of trucks only, while Innoson produces SUVs, buses, vans and trucks.
Why does this matter?
It was reported in 2010 that NTM had planned to produce over 60,000 trucks in Nigeria.
It’s 2019, a few years after. While any increase in sales experienced would be nothing compared to the millions of sales our foreign competitors do, it’s probably good news that we have another indigenous vehicle manufacturing company. With the right support from the Government, these companies would become the ideal providers of vehicles for Nigerians; and maybe put an end to our famed vehicle importation. Remember, Nigerians spent $526 million importing used vehicles (“tokunbo”) last year.