The production of two Renault models in Nigeria will commence this month by Cosharis Motors. This development is the product of the partnership deal made by Cosharis Groups, the parent company of Coscharis Motor and the French Automaker.
The two Renault variants according to Cosharis will be Renault Duster and Renault Logan, which will be assembled in the existing assembly facility owned by Cosharis in Lagos. In addition, Renault Oroch and Kwid will be imported into the country as Complete Built Unit (CBU), which is part of the partnership, in due course.
The Renault Logan and Dusters will be assembled in Cosharis's existing facility located in Lagos,Nigeria
According to the chairman and SVP of the Africa, Middle-East-India region of Groupe Renault, Fabrice Cambolive:
“With a population of over 200 million, Nigeria is a strategic African country where Groupe Renault will extend its footprint. The Coscharis Group is a recognized player in car (vehicle) assembly and distribution. Thanks to their expertise and our products adapted to the local needs, we will be able to answer immediately to the customers’ demand in Nigeria”
With a market share of 18%, Group Renault is a top player in the continent of Africa. The company sold over 216,000 vehicles in Africa in just 2018. The countries with the highest volume sales are Algeria, Morocco, Egypt and South Africa. Maintaining its existing leadership and responding to the new emerging middle class nations like Nigeria is the key objective of the company.
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The presence of the Renault Duster as part of the two models, will drive the automotive industry in Nigeria to greater heights
Dr. Cosmas Maduka, CEO/President of Cosharis Group, while commenting on this new business partnership, said:
“This partnership is to showcase another initiative by our great organisation through one of our subsidiaries, Coscharis Motors, to further create value as a key player in the automobile industry in Nigeria.
“We are glad to celebrate the confidence the renowned brand, Renault, has reposed in us to represent them in Nigeria. This milestone marks another step in the evolution of our organisation towards remaining timeless in its relevance.”
this partnership is to further delight the esteemed loyal customers and prospects alike, especially towards providing them a bouquet of more options and value for money. In his words, ‘’We are committed to broadening our dealership scope when such opportunity as this happens, since it is a strategic opportunity to deliver capable, refined and cost-effective vehicle models to our ever loyal customers’’.
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Coscharis Motors has contributed greatly to the development of auto industry in Nigeria
There is positive expectation from this latest Cosharis milestone achievement geared to reshape the automotive industry in Nigeria. This will commence at the Assembly facility belonging to Cosharis in Awoyaya, along Lekki-Epe Expressway, Ibeju-Lekki in Lagos. Leaderships from state and federal levels, dignitaries, diplomatic corps’ members, stakeholders within the industry and enthusiasts are expected in be in attendance.
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