Hyundai Partners Stallion Group to Manufacture Vehicles In Nigeria

Company, one the world’s foremost vehicle manufacturers, has associated with a regional conglomerate, Stallion Group, to manufacture Hyundai passenger and commercial vehicles in Nigeria from April 2014.

Hyundai Motors Nigeria Limited, a division of Stallion Group, already represents Hyundai’s range of passenger and commercial vehicles in Nigeria, and operates an ultra modern vehicle assembly plant in Lagos.

Hyundai’s foray into this critical sub-Saharan market follows the announcement of a new auto policy in Nigeria, which is intended to spark a major advancement in the country’s automotive industry, and see it emerge as a key regional player.

An impressive range of Hyundai passenger models including the i10, i10 Grand, i10 Grand Sedan, ix35 SUV and the Elantra will be assembled in Nigeria by Stallion at its world class facilities from April 2014. With regards to the Korean manufacturer’s commercial segment offering, the assembly of models including the Hyundai County Bus and the Mighty Truck had already started.

Head of Hyundai Africa and Middle East Headquarters, Tom Lee, said: “This agreement with Stallion Group represents a major step forward for Hyundai Motor Company’s expansion in to Africa, and our ability to cater for the needs of the customers, not only in Nigeria, but around the Africa as a whole. The Stallion Group has a rich heritage and a reputation for quality when it comes to its automotive offering – something that mirrors Hyundai’s brand values – and we are looking forward to a long and successful relationship.”

Commenting on the announcement, the Chairman of Stallion Group, Sunil Vaswani, said: “We are pleased to have tied up with Hyundai which is amongst the world leaders in automotive industry.

Stallion is sincerely committed to investing in the industry, aligning well with Nigeria’s policy initiatives and socio-economic objectives. Hyundai’s entry at this stage will be a critical catalyst to develop the auto industry eco-system, complementing the other prime brands we are associated with.”

Commenting on the announcement, the chairman of Stallion Group, Sunil Vaswani, said: “We are pleased to have tied up with Hyundai which is among the world leaders in automotive industry.

THIS DAY

Comments

Over Here Guys!; Mosanto Develops Revolutionary New Penis-Enlarging Corn Crop. (Must Read)

The multinational agrochemical and agricultural biotechnology corporation, Monsanto, announced this morning, that they had genetically engineered a modified corn crop, designed to help men have larger penises and longer-lasting erections. The company’s scientists used genes from a number of plants to create this surprising species of transgenic corn, described as “more efficient than any penis-enlarging pill”. They notably used genetic material from a plant native to Indonesia and Malaysia, called Eurycoma Longifolia or Tongkat Ali , which is known for its ability to raise testosterone levels. They also used genes from watermelon, as its rind is a good natural source of citrulline, a dietary precursor which causes the penis to fill up nitric oxide. This relaxes the smooth muscle in blood vessels and erectile organs, augmenting the penis’ capacity for enlargement during erection. “Men will...

CoronaVirus! (Q & A) How Does It Affect Me, Business & Household

*Q&A: How does the 14-day lockdown affect me?* President Muhammadu Buhari on Sunday night announced a total lockdown in Lagos, Ogun and federal capital territory (FCT) for a period of 14 days as part of measures to check the spread of the COVID-19 in the country. A lot of people might need clarification on how this order will affect them. *Q: I run a barbing salon and my friend is a vulcanizer. Can we open during the lockdown?* A: The answer is no. All businesses and offices not classified as “essential” will be fully closed during lockdown. *Q: Thank God. In that case, my niece can open her shop. She sells rice and turkey and that should certainly be treated as essential.* A: That’s right. All involved in food processing, distribution and retail are exempted. After all, we will all be dead without food for two weeks. *Q: Eateries and bakeries will open in that case?* A: Yes. They are part of the food processing and retail chain. *Q: Does that mean Shoprite wh...

We Will Not Cut Down Our Allowance - SENATE

With the debts federal and state government owe workers and the economic plunge of the country, one would think our leaders would be sympathetic to needs of the Nigerian citizens but obviously not.... at the recent senate hearing, the senate stood down the report to review their spendings till later... you all know what that implies. THEY WOULDN'T CUT DOWN THEIR SPENDINGS OR ALLOWANCES!!!!!!!!!! Selfish lots i must say and typically as always we would protest on social media for one week and the issue swept under carpet. According to a report by PM NEWS, the Senate after an hour close door session on Wednesday, stood down the report of its ad hoc committee on the Review of National Assembly Finance, for further consideration. The President of the Senate, Bukola Saraki, who made the disclosure after the session, said the essence was to carry out further consideration on the report. “The senate in a closed door session deliberated on the report of its committee on financ...

Pep Opara's Blog

Search This Blog