French carmaker, Renault and Nigerian conglomerate, Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies have announced.
The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the cars through their sales network throughout Nigeria from October.
Logans and Dusters will be assembled in the existing Coscharis Assembly facility in Lagos, where it already puts together the Ford Ranger at the SKD plant, while Renault’s Kwid and Oroch vehicles will be imported from Brazil.
“With a population of over 200 million, Nigeria is a strategic African country where Groupe Renault will extend its footprint,” said Fabrice Cambolive, senior vice president and chairman of Africa, Middle East and India Pacific region of Renault.
Renault has an 18% market share on the African Continent and sold more than 216,000 vehicles in 2018. The most important countries in sales volume are currently Morocco, Algeria, South Africa and Egypt.
Coscharis Group, established in 1977, is a wholly-owned Nigerian conglomerate with interests in various sectors, which include automobiles, information and communications technology, logistics, agriculture, food & beverages, property and health, among others.
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