Innoson Set To Commission New Factory To Build 30,000 Vehicles Annually

Innoson Builds Multibillion naira Factory to Produce CNG-powered Cars, Buses, Others

Innoson Vehicles Manufacturing Company is set to produce vehicles using CNG-powered engines.

This comes after President Tinubu ordered the federal government ministers, departments and agencies to purchase CNG-powered vehicles.

This occurred after a request was made to IVM by a group of farmers under the leadership of Ebere Orji Odi to consider manufacturing tractors.

Innoson Vehicles Manufacturing Company Ltd (IVM), Nnewi, has built a new multibillion-naira factory to begin producing heavy-duty vehicles and various buses using Compressed Natural Gas-powered engines.

The new CNG vehicle facility has reached 90% completion and will be commissioned very soon.

According to the corporation, the car plant can produce up to 30,000 vehicles annually.

This occured as President Bola Tinubu recently directed the federal government ministers, departments and agencies to start purchasing compressed natural gas power vehicles.

New facility almost completed According to a statement made over the weekend by Dr Innocent Chukwuma, Chairman of Innoson Group, the new CNG vehicle facility has reached 90% completion and will be commissioned very soon.

Independent.ng reported that the report of a new Innoson auto plant in Nnewi that will only produce CNG vehicles is breaking at a time when Nigerians are still in disbelief over the news that Innoson was passed over for contracts to manufacture thousands of fuel-subsidy palliative buses by the Presidential Committee on CNG Initiative. This development also comes in response to a request made to IVM by a group of farmers under the leadership of Ebere Orji Odi to consider manufacturing tractors and associated tools to improve mechanised farming and stimulate the economy.

The company said: “As a result of the wide acceptance of CNG vehicles Innoson has been manufacturing since 2022, the company last year embarked on the construction of a new multi-billion naira plant dedicated to the production of only automobiles that run on CNG.

“The new factory, which has the capacity to produce 30,000 units of CNG vehicles annually in one shift, has almost been completed and will be commissioned soon.” Need to improve mechanised farming Chukwuma also mentioned that the company plans to build a plant to manufacture tractors and other farm equipment in collaboration with the University of Nigeria, Nsukka (UNN).

The project manager, Innoson Vehicles, clarified that the project is currently experiencing a slowdown as a result of the recognised institution’s administration changing hands. Nonetheless, it guaranteed that under the Lion brand, the facility will soon begin to produce tractors and farm tools that improve mechanised agriculture. He said: “This Lion project in the UNN is in line with IVM’s avowed commitment from inception to gradually satisfying the varied vehicular needs of the Nigerian market and the continent of Africa.

“Though Chief Chukwuma’s vision of top quality mobility for the people first manifested with the production of Nigeria’s first indigenous (Innoson) brand of motorcycles in the 90s, this commitment was formally enunciated on October 15, 2010, when the then President Goodluck Jonathan commissioned the plant in Nnewi.”

Source:legit.ng

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