Innoson Vehicle Manufacturing
Innoson Vehicle Manufacturing Co. Ltd. (commonly shortened to IVM) is a Nigerian automobile manufacturer headquartered in Nnewi, Anambra, Nigeria. It was founded by Chief Innocent Chukwuma Nwala. Innoson Vehicle Manufacturing is nicknamed Pride Of African Roads.
| Industry | Automotive |
|---|---|
| Founded | 2007 |
| Founder | Innocent Chukwuma Nwala |
| Headquarters | No 95 Owerri Road,
P.O. Box 1068, Umudim, Nnewi, Anambra State |
Area served | Nigeria, Mali, Sierra Leone and Ghana |
| Website | https://www.innosongroup.com/ |
According to the company, 70% of its car parts are produced locally, while the rest are sourced from Japan, China, and Germany.
Among IVM's vehicle models are the five-seaters Fox (1.5-litre engine) and Umu (2-litre engine) as well as the mini-bus Uzo.
On 20th May, 2022, Innoson presented its first "Keke". Kekes are three-wheeled motor vehicles and the main means of transport in Nigeria. They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros. The production capacity is 60,000 "Kekes" per year. This is to be increased by a new production plant in Owerri in Imo State on a plot of land of 150,000 square metres. The domestic production of the ubiquitous trikes in Nigeria is expected to have a positive impact on Nigeria's trade balance and labour market.