Globe Motors, an indigenous auto company situated in Lagos is set to roll-out the first line of vehicles it assembled in its new automobile assembly plant next month. Chairman of Globe Motors Holdings (Nig.) Limited, William Anumudu, who disclosed this yesterday, said three brands, Higer, Hyundai and Globe, would be in the first train from the assembly plant that would be unveiled and is expected to cost over $150 million on completion.
He said the plant would produce, in its first phase, 6,000 vehicles per annum and that on completion, it would produce a minimum of 40,000 vehicles per annum. Hear him:
“We are going to roll out our first set of vehicles in July 2016 and we will produce Hyundai, Higer vehicles and Globe brand. We have made a lot of investments and we believe on completion of the project, it will be worth over $150 million.”
The vehicles from the plant would come in various ranges like commercial, passenger vehicles, low, medium and high capacity vehicles, SUV, Pickups, light and heavy duty trucks. Anumudu also said some of the SKDs were already in the country and that they had made a lot of progress, adding that the facility would create 3,500 direct jobs for both local and expatriate workers and that there would be a lot of indirect jobs on account of this as well.
To ensure easy sales of these vehicles even outside the country, he said the company is already talking with some motor vehicle dealerships along the West African corridor and that they hope to develop dealership network. “We will take advantage of the ECOWAS common tariff in creating the dealership network along the West African corridor,” he said.