Multinational
Conglomerate Stallion Group launched the first Nigeria made Volkswagen
passenger & commercial vehicles assembled at its brand new plant, marking
the historic return of global brand as a locally assembled vehicle after 20
years.
The
Stallion Group had entered into collaboration with the Volkswagen Group for
assembly of its vehicles in Nigeria, pursuant to the new Automotive Policy
announced by the Federal Government in October 2013.
Stallion
is commencing assembly of Volkswagen’s renowned products including Passat,
Jetta, CC and Amarok models.
The
Volkswagen Group with its headquarters in Wolfsburg is one of the world’s
leading automobile manufacturers and the largest carmaker in Europe. The Group
operates 119 production plants in 20 European countries and a further eight
countries in the Americas, Asia and Africa. The Volkswagen Group sells its
vehicles in 153 countries.
Stallion
Group is the preferred partner for an impressive portfolio of global auto
brands and the exclusive Distributor for the Volkswagen Group in Nigeria
including the brands Volkswagen, Audi, Skoda and Porsche.
Commenting
on the launch, Stallion’s Chairman Sunil Vaswani said “this is a great moment
for Stallion in partnering with a world leading global brand like Volkswagen.
He said further “Stallion is immensely pleased to bring back the proud legacy
of Nigeria automotive industry, the Volkswagen brand, which once was
indigenously produced at the same premises.”
On
Stallion’s plans for the automotive industry, Sunil Vaswani said “Stallion in
committed to investing and expanding further its operations in the automotive
value chain across multiple global brands, paving way for Nigeria to establish
itself as a regional leader in the automobile eco system”.
Stallion
is already assembling Nissan, Hyundai, Ashok Leyland and IVECO vehicles in
Nigeria and has developed a large team of highly skilled human resources
following extensive training by specialists from the respective Principals.
For
Volkswagen, this is a return to Nigeria for assembly operations after more than
two decades. Notably, it was the Stallion Group that acquired the moribund
plant then and successfully resuscitated it with assembly of buses, trucks,
pick-ups and eventually passenger vehicles at the facility.
The
launch of Volkswagen vehicles by Stallion is another major catalyst for the revival
of Nigeria’s automotive industry that can potentially lead to the development
of multiple ancillary component industries, apart from fostering engineering
skill base in the country and generating employment.
No comments:
Post a Comment