Here are the major brands of Innoson Motors with their 2020 price guidance. The full company contacts are also provided below.
1. Innoson FOX: N7,665,000
2. Innoson UMU: N8,000,000
3. Innoson G5: N12,390,000
4. Innoson G6: N12,915,000
5. Innoson G80: N27,825,000
6. Innoson G40: NN17,325,000
7. Innoson Carrier 4×4: N13,860,000
8. Innoson Carrier 4×2: N9,400,000
9. Innoson 5000: N9,400,000
10. Innoson 6601: N22,995,000
11. Innoson 6857: N27,700,00
12. Innoson 6800: N34,650,000
| Innoson Motor Price | |
|---|---|
| Model | Price in Nigerian Naira |
| Innoson FOX | N7,665,000 |
| Innoson UMU | N8,000,000 |
| Innoson G5 | N12,390,000 |
| Innoson G6 | N12,915,000 |
| Innoson IVM G80 | N27,825,000 |
| Innoson G40 | NN17,325,000 |
| Innoson Carrier 4×4 | N13,860,000 |
| Innoson Carrier 4×2 | N9,400,000 |
| Innoson 5000 | N9,400,000 |
| Innoson 6601 | N22,995,000 |
| Innoson 6857 | N27,700,00 |
| Innoson 6800 | N34,650,000 |
Headquarters Office Address: No.2 Innoson Industrial Estate, Akwu-Uru -Uru, Umudim, Nnewi, Anambra State.
Phone(s):+234 (0) 8105472222, (0)7089440040,(0)7033326171
Abuja+234 (0)8166126255
Lagos+234 (0)8035740097
email: [email protected], [email protected]
Prices have been Updated
please i want your company to manufacture affordable salon cars that we can buy for 1,500.000 to 2,000.000.
“Those cars are not profitable anywhere”. With this not being a charity, I am not sure you are helping the mission with the suggestion. It is better he focuses on where he thinks he has a chance instead of trying to serve all and he loses all.
You people are not serious you are a nigerian made company and our vehicles are this expensive what the hell
Reason is that most of the materials used in production are imported, with exchange rates playing a key role.
Until we explore our indigenous and more affordable materials for internal production, the costs of such products will continually be on the high side. Some expensive indigenous materials are however quite expensive too due to logistics among other reasons.
Unfortunately, our policy makers are the ones making this difficult, not really Innoson.
Then find a way to stop importing material do you think if I want a car I will come to your company hell no
We will get there, I know that for sure.
From China
@Chinese econonic colonisation
@forex enslavement
These prices does not show that the cars were actually manufactured locally. I think this is why patronage is low within Nigeria. They are damn too expensive.
You’re right, many of our made in Nigeria products are much expensive with no extra quality or benefits, hence it’s makes no sense to just patronise it in a fully competitive market.
I can’t believe my eyes made in Nigeria is this expensive
Compare the price with foreign new cars then you will know it comes way cheaper
You’re right brotherly
Finally, somebody talking sense
They are looking for someone to dash them cars.
YOU ARE VERY RIGHT.
You are very much right
cost of shipping and production bro
If you want to capture Nigerians produce affordable cars for the masses first.i love you innosom may God bless you
Innoson vehicles are brand new and not tokunbo.
Please confirm the price of a brand new Toyota Corolla then come and let’s discuss.
So you want to compare Toyota build quality and this
Bro, no wahala yourself. Nothing to discuss. There’s a saying, do not argue with a fool, otherwise, people might not know the difference…
Where can you get a brand new engine with that quality that amount? You cant appreciate what you have. If you dont have the money just keep calm so that you will not contaminate others with your motive because it’s contagious
What are you talking about just take a good look at all the prices is much higher then ever
At list 6m
5m
3m or naso we go move forward..
so what is so special a Nigerian assembled car that all parts are imported? Until you get out of the mentality that government has to support you and start thinking of affordable ways of local production, you will continue to make excuses. Chinese produce cheap items by all standards.
I don’t think this issue can cause any problems. If we understand the write-up go and loon at the brand new vehicle made in any part of the world.
Look at the price in there own corrency it very low with the price of the one they mentioned here.
Made in Nigeria did not encourage people who can be used it to buy.
Mind you those politicians, millonia and richest people in Nigeria will not used it in there eye they are using something locally.
But we as the youth we will want to used it to proud of our beloved country.
Why don’t IMC consider the prices
I get u
But most of the parts are imported
Bro go buy second cars the one white people drive 10yrs and 12yrs they are importing to Nigeria. Thats the type car u can aford to buy. So stop commenting shit. Or u should go and open manufacturing car company and produce very chip ones for us.
New cars also don’t come cheap,
Many Nigerians prefer purchasing used cars as brand new forgetting that it’s used and has no warranty not even a day…
The cars are not to expensive if you compare it to other brands or the dollar rate.
Innoson vehicles are made for the African terrain and I can testify that they’re the perfect fit considering road conditions in Africa…
Next time try to appreciate things it speaks so much about you..
How do you mean by a Nigerian made company? Is anything wrong with Nigerian made products? Have you considered the fact that the company provides their own electricity and that they source some of their parts with foreign exchange.
Please, be fair and realistic with your judgment.
Japanese brands and American brands ran away from India because Indian brands are affordable and easy to maintain for the Indian people… So I think innoson should do an indept study of how they were able to get it right.. I Know the Naija govt. have bad policies that don’t favor businesses here but I think innoson can do better,,, we love their concepts and we hope so they can be African car giants
Do you have an outlet in Ghana? & If someone in Ghana is interested how do you go about it?
Hear funny talk. You think he buys his materials in naira?
How much is cost of production?
Where in the would can the equivalent of 2M Naira buy a new car?
Be reasonable na.
Ivn motor is not helping Nigeria, the company should be able to produce a cheap car for us .
What factor of production has the environment provided?
Imagine he has to buy diesel and spend on other stuffs.
Pricing is dependent on these things
I think it was a suggestion and the company may plan towards it, it may not be immediately but towards the future. Most times economic analysis limit want may happen actually happen in life but I believe it’s not impossible. We shall get there if we mean to do it and it will start somewhere, there should be no discouragement.
Lowest price is 7 665 000 Naira
(R306 000)
Consider utilty vehicles that will be affordable to agreater populace (of Africa) and once economies of scale come into play, the org will make the money.
I know very well that the cost of production for every single unit of commodity now is high not to talk of manufacturing brand new cars when raw materials are imported,one should think of this well.we are the ones to what we have before people from the outside world will value it and also let’s encourage our innoson to do more amazing cars that will suit our lifestyle,and stop making undue noise.we never believe for one that such a company will ever exist in Nigeria but today we are proud of innoson,so,let us patronize made in Nigeria cars.
These are new cars and not used cars (tokunbo). How much do you think it costs to buy new cars of international brands like Toyota, Honda etc? In my opinion the prices are not out of place for a new vehicle. The hope is that as the nation’s economy gets better as well as Innoson’s manufacturing conditions, the price will be more affordable.
And what jobs have you made available for Nigerians to enable them buy new cars? The last new cars we ever heard of our parents driving were “Peugeot” Yes it was mad expensive, but compare the economy (dollar rate) then and now. Also keep in mind that when we buy new cars here, nobody pays cash. We have banks finance our cars till we pay it off.
I love innoson, I love his ideas, I love his innovations etc. At the end of the day, his pricing are for upper class Nigerians, and not lower class. Cos believe it or not, we do not have middle class earning citizens. I came here truly to buy a car cos I was considering shipping a car from here. I have the money but I cannot afford this truthfully speaking. His cars are priced are politicians rate, not for struggling stuents like me who is building up from the scratch. I know it is not Innoson’s fault because of the cost of goods he is using, and energy supply which I know my country Naija is not helping him out in that area. Please do not reply me and abuse me. I am only giving you a scholar advise which is my opinion anyways. Great business is all about high turnovers. Lower income earners in Nigeria should be your target.
True. Thanks
Honestly you’ve said it all,some people are comparing the price of his new cars to tokunbo cars forgeting that those cars are not new,if the have the time to compare the prices and specs of foreign cars with innoson cars they sell that it would definitely be preferable to patronise innoson
Well said Clinton, people forget that these are new cars.
Not just ‘preferable’, it is criminal/treasonable not to patronize them.
Nice
The Nigerian budding industries need investors to invest in her ideas. How can one invest in this company and is t lists on the stock exchange?
When those car companies started, they produced cars that were affordable to their people first of all and then foreign markets. Chinese still do that today and that is why all over the world, Chinese goods are considered affordable. Why can’t innoson encourage local production of components and forget about assembling which adds no value but cost to goods. I will support government should stop innoson. If they cannot produce components like wipers or plugs let them close down
I think you’re missing the point. Innoson vehicle Mfg. cannot manufacture vehicles and at the same time produce all the vehicles components. All the foreign vehicle manufacturers source their standard components from other manufacturers.
Nigerian businessmen should invest in this sector and govt. should encourage them by reducing the present excise tax, give tax holidays and reduce/remove several other levies imposed on such businesses.
Bro, why are you a fool?
have you gone to the factory before saying that they can’t manufacture vehicles?
Go there and you will see that more than 70% of the parts are manufactured there.
Or, Have someone paid you to tarnish they reputation?
You’re comparing the price of a brand new vehicle to tokumbos.
where is your sense?
It is not possible because of dollar exchange rate
How do you mean?
In his comment, he said “AS THE nations ECONOMY GETS BETTER, and Innoson’s manufacturing conditions…”
That is the hope and progressive economic improvement he’s talking about there as a patriotic, broad-minded and positive thinking Nigerian.
It shall be well with Nigeria, and she shall be great again.
Dollars exchange rate should be a stimuli for local production. American dollars is higher than Chinese currency and yet the Chinese will prefer to devalue their currency to make their products cheap for the world but here you are complaining of exchange rates. Innoson should leave assembling and go into real production like manufacturing car battery for export instead. If they cannot, let them fold up
Brand new car for 2m? You don’t even get foreign used of that price. Compare innoson price to foreign brand new cars a d see the difference.
seriously ooo. #12m for saloon cars is something else ooo
Do their cars even have second hand values?
Akagbusi Stanley.
Please make affordable cars that we can buy at least for 3million naira. We will also love to drive a car made by our brother.
But people buy Tokunbo for 7 million and you want brand new for two million?
The Innoson engineers can design a suitable vehicle for people who earn less… Small and affordrble.
The price for the type of car on the market is fine. (that is for a particular consumer)-high fliers.
I maintain Innoson can target a mid class and or low income consumer and make available to such. Its a small ask to make of Innoson, considering where you are now.
Great job INNOSON
SALUTE!
Maybe this person meant a tuk-tuk, those three wheeled cars
Good one.
GOD BLESS YOU 13M
16M
WHO GO BUY REASON WELL..
Go to China and buy it
You are sarcastic. Then if we must go to china to buy Mr annoymouse, let innoson close down. We don’t need assembling plants, we need production plants.
IVM Stands for INNOSON VEHICLE MANUFACTURING. As stated, those cars are manufactured from scratch and not assembled.
Is the company stopping you from going to China to buy new cars?..
Poverty stinging minds.. most of you are bitterly complaining simply because you can’t afford it. People who purchase this cars no complain as u wan kill ur self.
U problem na money. Expensive things are not for poor people.. go buy turkun bu & leave innonson alone.
That is keke you are looking for. Definitely not 4 wheeler
My dear, as a mother of two and struggling to get my business moving,I am in dying need of a car. My humble request to Innoson is : please they should make their cars affordable for us the average Nigerian and also give us payment plans that can help one pay installments. Waiting for the Nigerian govt to do anything is a waste of time but the company and masses can beat the govt and make this work.
Credit/instalment don’t work in innonson company, come tomorrow.
So that people will carry car & money and run away. Una no get conscience at all..
My sister fine way go buy turkun bu.. simple.
How much is 1.5 million naira in dollars please I need that thing you are smoking there’s no way you can get a brand new car in USA for 5k dollars and you want to buy brand new car for 3k dollars in Nigeria you must be mad ni
God bless the womb that gave birth to you! And bless the sperm that fertilizes the ovaries..
God will give u money to buy innonson cars… Amen!!
God bless you
The man himself said that he has cars of 1.4, but I didn’t see it ,anyway here.
How I wish the government at all levels can give him patronage and needed support.
The Fed Govt have long given their support and been patronising Innoson motors.
What is expected is that, all the State Govts to also show patriotism, not a pocket of them doing so.
In as much as being an advocate of patronizing Nigerian good,it is safe to say these auto ain’t for an average Nigerian as the prices are way beyong board,perhaps Innoson can partner with local and foreign investors alike alongside government support and patronage in order to crash the high price of the vehicles especially the salon models.
Innoson is obviously not building cars for Nigerians. His brand with all due respect can not compete with other global brands. His only advantage would have been affordability which sadly isn’t the case
With N7m, I would rather buy a used 2013 Mercedes Benz e350 than going for the Innosson Fox. They are not comparable !
Besides, until the official government brand is Innoson, this project will be retarded.
Then go ahead and buy your used Mercedes. Just make sure you shut up whenever discussions like ‘naira dollar rate’ or becoming a producing nation instead of a consuming one, comes up.
U really don’t have to be rude Mr anonymous…don’t be aggressive please
Well said. The so called person, is hiding his identity and insulting people without reserve, a very shameless person hiding his or herself. Show your ugly face Mr so called anonymous
Response right on target “Then go ahead and buy your used Mercedes…..”
It’s a free country. That person has the right to say any thing he or she so wishes.
With certain level of rationality.
Let him go buy those german cars, infact this person is in the wrong place, what is he doing here anyway? This person is poor leave him alone,that how the poor talk
I don’t understand why you have such a bad mouth. Everyone is entitled to their own opinion. I have been reading all your reply to people’s comments, you are one and same person replying with dirty words. If you are innosson representative of he himself, then it’s a pity you don’t have self control. It’s best you shut up.
Well I only positive words for Innoson. Keep up the good work. Your idea is catchy & the vehicles are cool. We are proud of your work & pray that the project/biz experience a breakthrough.
How do ppl comment about the performance of a vehicle they’ve not used. If you have, Give us an objective feedback with concrete variables.
God bless you my brother for that positive patriotic comment.
Indeed, how can people comment about the performance of a vehicle they have not used?
100% Nigerian is effort?!! I will support till my dying day.
My name is Tokunbo Akinwunmi Chord. :)
If you divide that price 7.8m by the current exchange rate of 360 you get $21,000. And if you multiply that by the old exchange rate of 160 you get about N3.3m which would have made these cars affordable to an average Nigerian. Now you see where these govt have taken us to.
this is a simple mathematics all nija citizens should know about exchange rate.ar u blaming de great innoson or our leaders who makes our economy to be poor.look at GANAH today…1dorllar is =5cedis.so why nigeria.
Great! But not for common men. They should produce cars ranging from 1.5 to 2m.
Is it not possible to make smaller cars for as low as two million naira. If the mini bus which is a 7-seaterbus can go for less than two million naira,you should be able to produce a 5-seater car for less than two million even if means cutting down on high tech and luxury. Such a car would be affordable to the average Nigerian worker and save us the pain of tokunbo cars that are cars that Americans and Europeans have thrown away because using them is no longer cost effective
Good ?
Honestly, am astonished at the level in which the INNOSON motors had attained within a few couple of years. They are really doing a great work . And I believe many Nigerians who stand to criticize him base on his product price rate should by 2040 appreciate him greatly. Out of many here in Africa he stood to cut down Monopoly of “foreign based vehicle and spare parts’ in Africa. I love IVM. Big shout out to IVM
The brand is really doing great work there. But despite the economic setbacks, I feel he should make affordable cars for the common Nigerian man, something around N2-3M. You know, I bet you, many people will adopt to the innoson motors instead of all these tokumbo cars from outside the country. We know you don’t owe Nigerians any favors but you can encourage us with such prices. Thank you.
All you people talking about making a brand new car for 2-3 million naira, please be realistic, price is largely dictated by production cost. Giving the current production cost situation, it is impossible for him to produce a vehicle for that price, Some people are quick to talk about Tokunbo cars, they are called Tokunbo because they are used, not brand new. Besides how many ” good used Tokunbo cars have you been able to purchase for 2-3 million naira, and they lasted you for a year, not to talk of repair cost. Be realistic, and give support, if not by purchase , then by word of mouth encouragement. Eventually mass production as planned by IVM will eventually bring down sales price even if it is by a notch.
Good ?
Nice cars nice body work
But I don’t think the average Nigerian can partake in this blessing …
I would suggest the company makes a collaboration with banks ,government..so that the cars can be bought on loan
Like for government workers ..it will be deducted from their salaries..in that way more cars will be sold Nd everybody can enjoy the cars
Please no offense
the products are nice really but I thought as made in Africa by the African and for the African the price is not going to be as much as expensive as it is…!
Innoson manufacturing should please produce the affordable car that the strongly people or the local Nigerians can buy and use for business or TAXI like #1m to #2m.
God bless Nigeria God bless innoson company.
Innoson motors is doing a great job and we the people love it. However, am still of the opinion that innoson should make cars of 2-3 million naira can be affordable for average Nigerian.
Most of you looking for cheap price are indirectly looking for poor quality. When it doesn’t serve you right then you will be pissed. Do you know that ignorant you buy a new car atleast for a year you aren’t supposed to have an major mechanic’s appointment? Southern Nigeria residents love poor quality stuffs too much and it’s affecting us negatively as a country. It’s ok though, I really pray he can grow, God helping he will grow. The Igbo community should make it an achievement worth celebrating to buy an innoson vehicle. Then others will too it’s just a matter of time. Innoson is our brand. Let’s stop using scrap and enjoy good value. Thanks
I still look forward to affordable made in Nigeria vehicles especially by Innoson. But the prices are really expensive. Wish there were Cars at the range from 1.5 to 3 million and lots of people could rush it.
Secondly, govt has not made matters any better viz-via high production cost with multiple taxations.
Alternatively, can Innoson lease cars to Nigerians with a down payment and spread over 5 to 7 years. And if there is need for an upgrade, the car will be reviewed and new price scheduled like it’s done in many parts of the world.
This will drive down the prices and make these cars more affordable.
Where will the average civil servant cough out 7 million for a new car?
It’s really difficult.
These vehicles are extremely expensive! I’m actually here to check for a saloon car of 3m but to my surprise, I found vehicles I can’t even afford in years to this time. this is totally uncalled for..
Definitely you should not be in Nigeria cos majority of Nigerians can’t afford your vehicles.. I would rather go for tokunbo vehicle instead of spending such whooping amount on the so called Nigeria made vehicle.
It’s sad to see the high prices for the vehicles because of the high cost of importing the materials. Really sad.
For me, I think the prices are very good for an brand new car.
I have made up my mind to buy the G40 before year end.
If I were Innoson, I will focus on cars that most Nigerians can afford, and leave the exotic cars for Toyota, Mercedes and the likes
I hear you, but that is not way to greatness and success, it would have been better to say, try to incorporate affordable cars, which is very difficult now because of cost of production. Why should we as a nation be satisfied with just being? why should we not want to produce vehicles that will eventually compete with the likes of Mercedes, Toyota etc, etc. Don’t forget these companies did not start being that great, they evolved over the years with improvements. IVM can do likewise. Keep it up IVM, don’t lose focus.
My is that, God should give us the grace to afford it.
My brother God will see us through
I believe that’s a quality product, and I love it so much, I’m not borthered about the prize, once the product is okay, we have no issue, some of you talking about the prize have you prized Mercedes production before, you can’t compare Mercedes and Toyota product, I also see this our brother product as Mercedes product, let join hand and do whatever we can do to make sure his car is all over Nigeria, and many other countries.
Bottom line… Average Nigerian can mostly only afford used cars between the range of 1m and 3m. So as long as nothing changes, Nigeria will remain a minor market for innoson brand.
Innosun should lobby for the Onitsha River Port to functional. Once this port is functional, it will make it easy for Innosun to ship his imported materials direct to Onitsha. This will reduce the company’s shipping cost.
Innosun should consider going public. This means you and I can buy shares in the company thereby making money available to Innosun. Once Innosun has money available, it can absolve some cost and pass the savings to the public. Innosun should have a strong lobbyist with Buhari administration to help Innosun drum up business from the federal Govt. All these will help Innosun become profitable. Once Innosun is profitable, the rest is history. The public will benefit from its profitability. Good Luck, my country man for your ingenuity and for for being a pathfinder.
Good advice brother
What is the price of your 60 seat city shuttle?
If the company should produce 2 to 3mil brand new cars, my dear I bet you, you can only enjoy it for two years and you will regret buying a new car of that price. The problem is all about our economy. But the company should please kindly help his people.
If the company should produce 2 to 3mil brand new cars, my dear I bet you, you can only enjoy it for two years and you will regret buying a new car of that price. The problem is all about our economy. But the company should please kindly help his people by reducing the price a bit. Thanks all. May God bless us in Jesus Christ Amen ooo.
Considering the myriad of political, economic and social challenges in Nigeria, I quite agree with what INNOSON is presenting. Because education is expensive, we can’t afford ignorance. Likewise, because the economy is unfriendly is no reason not to forge on. We cannot afford to back out. I’m Proud of you.
Is quite unfortunate that most of the citizen can’t afford this car, yeah I know is due to the cost of materials and other things involved, but I due suggest to also look into sedan sporty cars and also super cars, I’m a Nigerian car designer based in Asia, yes I can offer you a nice project if you’re interested and also you hafta know if you keep producing cars which our citizen can’t afford is total bad, we don’t blame anyone but the bad leaders but reduce your car price so that you can make more sales from your fellow citizens
Good day, my company (OCODA Transport company ltd) , a local transport comany based in Omoku, Rivers State, recently wrote a letter to your company in request of audience to discuss issues on how we can partner with your company on vehicle supply.
The said letter is yet to be acknowledged by your company. Pls kindly let us know the though position of our letter. Thanks.
My Brother Hustle ooooo
Amazing businessman – price needs to come down a little down for my range though
I commend the good job Innoson Vehicles is doing. Government’s policies not making things easy. If we have good biometric data as is applicable in many advanced countries, it will be easier to get these vehicles with good and affordable payment plans
Say all the negatives you wish. I am buying my own IVM car this December and it will be delivered to me at Ibadan. Nigerians have their own destiny in their own hands. We must begin the charity at home. Well done, Innoson!
Les voiture sont effectivement couteuses. Je ne m’attendais pas à une telle hausse de prix quand j’ai eu les publicités. Si tout va bien, je me prendrai MON IVM
Vivement, qu’une formule soit trouvée pour revoir les prix. Par ailleurs, JE SUIS TRES CONTENT DE IVM. J’AI COURU POUR VOIR LES PRODUITS QUAND J’AI APPRIS QUE C’ETAIT MADE IN NIGERIA
The cars are too expensive. He needs to put the price lower so the local and regional consumers will be able to buy. How a car bought from France or UK + TRANSERT PRICE could be cheaper than a car bought in Nigeri?
IF INNOSON VEHICLE MANUFACTURER NEEDS OR WANT TO SELL EVEN 30,000 CARS PER YEAR, I CAN HELP DELIVER THAT FOR THEM, EVEN TO THOSE WHO SAYS IT IS TOO EXPENSIVE,
IWROTE INNOSON IN 2014 VIA THEIR EMAIL PLATFORM UNDER GOOLUCK JONATHAN REGIME TO PRODUCE EVEN ELECTRIC CARS AND I WILL HELP THEM SELL AND EVEN SUPPLY THE ELECTRICITY FOR THE VEHICLES BUT AT MY T& C, BUT UP TILL NOW THEY HAVE REFUSED TO GET IN TOUCH WITH ME.
OLADEJI -09015215739 OR VIA EMAIL AT [email protected]
IF THEY REFUSE TO REACH ME SOON, I WILL HAVE TO SIGN A DEAL WITH JET MOTORS OR THE GHANA LOCAL CAR MANUFACTURER.
This uis a new car not tukumbo ooo, i dont see anything bad with the price
The key factor behind all these complaints is govt policy, in form of improper taxation and other unfavourable condition imposed on him and on other indegineous companies simply because of the part of the country they came from. Nigerian policy dont create enabling ground for ideas to thread except if you have a die-hard zeal and a master planner. For criticism 09036039818 whatsapp only
This is very sad. However, The company must not think they must manufacture only in Nigeria where the enabling environment is not present. Move it to Ghana or to Rwanda but not to Cameroon because it will be worse ….. It is really painful that the Nigerian government is setting up boobie traps on the way instead of supporting it. Oh boy, the curse of the African is I come from such and such a place instead of simply being African together.
The key factor behind all these complaints is govt policy, in form of improper taxation and other unfavourable condition imposed on him and on other indegineous companies simply because of the part of the country they came from. Nigerian policy dont create enabling ground for ideas to thread except if you have a die-hard zeal and a master planner. For criticism 09036039818 whatsapp only
I been reading the comments and this is a great for Africa. How would we invest in this company?
Pett Onazi
I am very proud of the great move that Innoson has made to start car manufacturing industry in nigeria and africa. I believe that with time as soon as he is able to arrange for a mass production plant, that would play a role in price reduction.
It is of great relevance for all of us nigerians ,africans, including every sector of the governments in both nigeria and the entire african countries to patronise him. Our businesses and organisations should not be left behind in the patronage strategie as this will also play a massiv role in adding strength to our currency and pride ( lesser import will strenghten our currency). We should work harder for more car manufacturing companies to spring up in our beloved country and continent, as more competition within our beloved country and continent will also affect price positivly and enhance our reputation as africans before our european, asian, australian and american counterparts.
One important factor that we all seem to have neglected is the fact that our government should spring up enginners that will control quality; as this will enhance our export and safty of use.
Our banks have a huge role to play and our government should reduce tribalism, stealing and unite our religious difference.
Innoson, God bless you and give you more wisdom as we all await more of your kind in nigeria and africa. Amen.
Well said Pett.
I am scratching my head whether there exists a comprehensive plan to source materials locally. It depends on three main points and they are capital, planing and processing technology. The technical know how in processing is available so is the planning ability. Innoson could raise capital through crowd funding after having planned. Remaining a one man show in such a sector is a no starter. I would not hesitate for even one second to pay in my shares from Cameroon to a Nigerian company. I have been checking Innoson motors’ website for many years now salivating at the thought of driving a car made in Nigeria. Unfortunately I have to work harder to be able to buy one some day. Hope the idea of crowd funding could be considered and structured in a way that it is transparent. This is what car company startups around the world are doing! We can do it even better given we already have many social aspects that favour this atitude towards putting money together as a group for a purpose.
My friend from Cameroon, you are absolutely right in your assertion. It makes more sense to do it that way, and with government support, and the Africa Free Trade Zone in effect, mostly everyone should be a winner in such a venture.
It is a shame that people knocking the efforts of Innoson are mostly Nigerian, when are you people going to wake up and understand the essence of what the man is trying to do for the country at large. True profit is part of the motivation, but the end goal is more than individual profit, it is more geared towards national pride. For people who are knocking this gentleman for his efforts. If you can read and can understand what you read, please go and on Tata…. India made brand of vehicles, read from their inception to where they are today. One unfortunate thing with I must say is Innoson is not getting the kind of support he needs from the government to get to the point where his vehicles are more affordable. Our senators and house of rep members should learn from Indian government, how they propelled Tata to where they are today, in terms of support, and patronage, right from their president downwards. Let them buy Innoson vehicles for government parastatals, and official car pool. then IVM will get to the point where they may even establish their Steel plant for raw materials, thereby providing more employment, and aim towards making their vehicles more affordable.
Before anyone of you go off on me, I tried to go back and edit some of the errors in my post but unfortunately I couldn’t. I should have proof-read first before posting. My apologies.
Please if you want to edit, send the updated one to [email protected] and they will replace it. WordPress which we use does not allow re-editing of comments, unfortunately. Thanks for coming and thanks for the perspectives here.
Wow this is really incredible. Please keep on the good work and don’t let the negative comments get to you but to motivate you
Just imagine, I want to buy a car now, and I felt let me patronise made in Nigeria cars, see all these outrageous prices, even those of foreign countries are not this expensive, and you want us to patronize you. You people are not serious at all
WHEN EVER I SEE HIS PRODUCT,I FEEL HAPPY.WITH TIME,WE WILL STOP BUYING IMPORTED MACHINES SUCH AS:CARS,MOTOCYCLES,TRICYCLES,BICYCLE E.T.C.
I LOVE UR WORK IVM.TIME SPEAKS.MAKE DOLLAR FALL,UNA GO UNDERSTAND SAY HIM PRODUCT CHEAP.
The IVM are really trying; but there are factors they should analyse in order to increase home patronage. “the best way to grow is to watch what others do” IVM should analyse the way of other multinational car manufacturing company do their things; and also make spare parts much available.
Create purposive socialization thereby creating more awareness of their product quality. Many people haven’t heard of IVM. And also growing their showroom to be in major centers of attraction…. Owe much words
we have talented nigerian students, IVM should conduct stuffs like talent hub and emplore the creative students knowledge…
I wish i would meet with sir innoson
“Create purposive socialization thereby creating more awareness of their product quality. ” – the plan to have many ride hailing companies using it is a way to create that awareness. https://www.tekedia.com/innoson-motors-launches-a-ride-hailing-service-ivm-cruise/
a lot of you may already know this but these are chinese designs rebranded as innocen… you can buy the original chinese version for a fraction of the price listed here. for example, the Innoson G80 is actually a rebranded Beijing Auto bj40 which retails for 129,800 to 179,800 yuan.
My people who are his target market. the rich ? Follow the Ford motors doctrine.. and you will blow up .
WE SUCH BE HAPPY FOR HER PRODUCT IS NOT SECOND HAND IS BRAND
Reading the comments, I think most of the people here need help, because instead of we being happy and supporting this man you are here talking about price, If you can not buy go and buy what you can buy and stop talking too much. I’m from Ghana, and I wish to meet Dr Innoson to praise him for all his work for Africa.
Reading the comments, I feel like crying, most of the comments are so unreasonable. you buy foreign used cars for same prices and even more and you’re proud of it.
This man offers brand new cars for such prices and you still have the mouth to say it’s expensive amidst all frustrating policies, and the ever rising foreign exchange rate.
In fact, I’ll love to have a fleet of IVM cars, parading every new brand they produce.
God bless IVM and it’s management.
Innoson shouldn’t listen to those who are saying that his car is expensive.
These kind of people are always make the importers and manufacturers to do inferior quality in under to meet up with their cheap menterity.
They prefer cheap things to quality things.
These kind of people are not helping this country called Nigeria rather they are killing the standard quality of this nation and pushing people to sell fake things to satisfy their cheap menterity.
Innoson maintain your quality, anyone that wants to buy should buy, anyone who doesn’t want buy should leave it and find his/her way simple.
I don’t understand we Nigeria people, we don’t appreciate our own good work, my brother pls carry go. You all can say the negatives you wish. I am buying my own IVM car this YEAR and it will be delivered to me.
We must begin the charity at home. Well done, Innoson!
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Hod bless you Innoson. For those complaining of the price, go and get a brand new car for such hilarious price you’re suggesting. Someone is presenting brand new cars to you at affordable prices and you’re comparing it with your fairly used car price, it’s a pity. Keep up the good work Innoson.
I have ivm innoson connect and the leather clutch has fault and my engineer can not get the part pls where can I get the part in Lagos
I am sorry for some of the word’s my people are saying here we always have that Nigeria mentality we don’t appreciate what we have we always take made in Nigeria products as a ship material please my brother and sister honor my brother innocent his a great man is not easy even if the cars are hi be percent they are just starting in the future they will fixed the problem please Nigeria appreciate what you have when you called it the best I are sure you is gona be the best
Where is your show room in port Harcourt?
Is your spares readily available
Do you have after sales service and support in Port Harcourt
I am Isidore Onyeako, a systems engineer (Igbo Canadian). I made a video explaining to people the situation with Innoson and what Innoson should do to make truly Nigerian cars and how those cars will definitely be cheaper than they are today. Most markups buyers pay for products go to branding. It is this branding that cover for R&D. This means that if you do your own R&D, you control prices. The issue here is not about Innoson being able to make a car. The issue is about the cars being truly unique to Innoson.
Original Equipment Manufacturer (OEM) Model Vs Original Design Manufacturer (ODM)
In OEM, you own the core technology. Your technology can be used in other products. Takada makes airbags for various auto companies globally. These companies use airbags and other OEM products inside their cars. That way they leverage quality components and parts from vendors, while focusing on what they are good at-making cars. This is also applicable to Michelin and Goodyear who make tires.
In ODM, you can ask a product manufacturer to put your brand on the product or make minor design changes but using a full core technology as a base product. Here the level of integration is not deep. Generally, we are at the stage of ODM in Nigeria because we just don’t have the resources or infrastructure to support OEM model effectively.
Innoson is not making a lot of profit because most of the parts are already made abroad before being shipped to Nigeria. When this is the case, Innoson is only left with a Completely Knocked Down (CKD) packages of cars. The assembly processes also adds value but it is not significant enough.
How would Innoson now make cheaper cars?
Original Design: Innoson needs to bear the burden of coming up with his own design. This transcends beyond logos. Innoson cars should not be looking like the ones from BAIC Motors China, but with Innoson Logo. This is the toughest path with no guarantees. However, there are a lot of Nigeria graduates from design schools, and even abroad, who can help Innoson design a truly Nigerian car.
Frame Manufacturing: Innoson should setup a factory that will make the frame in Nigeria. This will require power (electricity). He should install modular power plant for his plant. This power will allow him bring in the machines and molds that will fabricate these frames. There has to be a visible part of the car that is unique to Innoson brand. He can aso have these parts made abroad but they should be for his design
Engine, interior and other parts can be imported: The entire assembly of Lamborghini is done manually. Nigeria will provide labor for Innoson cars to even do manual assembly.
The objective of this method is for Innoson to control costs by owning significant IP (Intellectual Property) beyond brand name change. Now, if Innoson tows this path and the vehicles don’t perform well, he will fail. Then again, these days it is not about being a business man. You should also know a lot about the engineering of your products. I am making this proposal because I would rather buy a car from an engineer that knows physics and mechanics than a trader that is just reselling other people’s products with no idea of the technical performance and characteristics of the product.
If the brand succeeds, Innoson can then raise the prices as he wants because he has achieved brand equity.
I was explaining the angles above to a few engineers. Then I told them that whenever something is original, the maker has flexibility. Therefore, I was not surprised to learn that the govt is pacing large orders for the various police and armed forces vehicles Innoson’s team actually designed. Making these vehicles are not as difficult as the buses and salon cars. However, one can see how it was easy for people to love Innoson products just because of the niche nature of these police and army vehicles. Whenever something is original and works, the market rewards it. it does not have to be high grade. It should just work.
I am the CEO of a startup that is providing self-service innovations at retail fueling stations in Nigeria and Africa. We have received over $1m in funding and we are wrapping up field validations and will be launching as we speak. I used the OEM model for my product. I designed the products with a team of engineers (First Class Graduates from FUTO, who also studied with me in Canada). We will leave the rest of this story for when we succeed in the market. I found out that those who tried to copy our equipment and make it in China, could not succeed because we designed from first principles and wrote all our software in-house. In effect, this particular system can only be gotten from us. Hence, we can give it out at any price and with any business model we choose (subscription or outright purchase).
Could you share the video link here – thanks
Our email is here: https://www.tekedia.com/contacts/
Video link of what?
i have a suggestion…if i may go ahead,why can’t innoson give bolt or uber drivers cars for installmental payment so your cars will be winning nigerian’s hearts when it’s everywhere,it will be pushing foreign cars away….plz think about it.
Innoson has a ride sharing product – https://www.tekedia.com/innoson-motors-launches-a-ride-hailing-service-ivm-cruise/
I still respect him nevermind some of his car parts are imported. I think that is why it is very expensive because I have been checking the prices whether i can buy from him insteady of buying a tokubo from here (Berlin). But still there is no new cars you can get cheaper than his.
Why can’t we just use our heads for once, the same policies imposed on dangote groups and other manufacturing companies by Nigerian government is the cause of high cost of price in Nigeria. Have u ever asked ur self why dangote cement are being sold on a cheaper rate in other west African countries because their revenue and taxes are moderate to their investors, u have to blame the bad government and governance we have in Nigeria for me innoson vehicle’s are cheap and moderate to compare other brands in other parts of the world. Innoson manufacturing company have made the igbos proud and Nigerians at large what we have to do is to patronize him and pray for a good government that will make the economy to be better to enable both local and foreign investors manufacturers to invest manufacture and sell on a cheaper and affordable rate.