Coscharis Group partners Renault on new assembly plant
Foremost Nigerian automotive industry firm, Coscharis Group, has disclosed it has entered into a collaborative partnership arrangement with renowned French automotive giant, Renualt Group towards the establishment of a new world class manufacturing assembly plant in Lagos, Nigeria.
The new plant known as Semi – Knocked Down (SKD) assembly manufacturing plant is situated at Awoyaya, the Coscharis Group’s corporate head office base in Lagos. Formal launch event of the new plant is slated to take place 10:am prompt, on Thursday, July 18, 2019 at the company’s head office complex, KM 32, Lekki – Epe Expressway, Awoyaya, Lagos.
The epic event is already seen as the threshold of another milestone in Nigeria’s automotive industry. The event will expectedly culminate in the final seal of the strategic partnership between the two frontline automobile companies.
Groupe Renault is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured trucks, tractors, tanks, buses/coaches and autorail vehicles.
According to the Organisation Internationale des Constructeurs d’Automobiles, in 2016 Renault was the ninth biggest automaker in the world by production volume. By 2017, the Renault–Nissan–Mitsubishi Alliance had become the world’s biggest seller of light vehicles, bumping Volkswagen AG off the top spot.
Headquartered in Boulogne-Billancourt, near Paris, the Renault group is made up of the namesake Renault marque and subsidiaries, Alpine, Automobile Dacia from Romania, Renault Samsung Motors from South Korea, and AvtoVAZ from Russia. Renault has a 43.4% controlling stake in Nissan of Japan, and a 1.55% stake in Daimler AG of Germany. Renault also owns subsidiaries RCI Banque (automotive financing), Renault Retail Group (automotive distribution) and Motrio (automotive parts). Renault has various joint ventures, including Oyak-Renault (Turkey), Renault Pars (Iran). The French government owns a 15% share of Renault.
Coscharis group is one of the pioneering institutions for Modern autopart and auto dealership in Nigeria, Its first head office opened 1989 is at Lagos.
Dr Cosmas Maduabuchukwu Maduka breakthrough came in 1982 when the Nigerian government decided to grant import licenses to ten motor companies and Coscharis Motors was selected.
In 1983 Coscharis group was incorporated, dealing in importation of auto spare parts for Japanese Vehicles and related auto products.
In 1987 its ultramodern complex was commissioned at Victoria Island Lagos and in 1998 the group secured right to market BMW and Range rover brands in Nigeria.
In 1999 his company completed a state of art Ultra-modern sales and showroom in Maza Maza, Lagos; it was commissioned by the then Nigerian Vice-President Alhaji Atiku Abubakar.
In 2000 a sales and show room were commissioned in Central Business area in Abuja.
In 2001 the company diversified into sale of American car brands.
The company has partnered with notable companies and banks like Epe Spa and Resort Centre, Access bank, and Stanbic IBTC. Coscharis Showroom Epe, Lagos
Coscharis Group has more than 26 branches in Nigeria and is equally present in other African countries like Ghana, Gabon and Cote D’Ivoire and its operations spans in major sectors of the economy like Automobile, Medical, Foods & Beverages, Information Technology, Engineering and Agriculture.
RECOMMENDED ARTICLES
Comment
No comments found.