There are several amazing automobile companies in Nigeria. If you’d like to buy brand new classic cars, jeeps, or any kind of 4-wheeled vehicles and their spare parts in Nigeria, this information will help you.
In this article, we’ve revealed the 10 best automobile companies in Nigeria you should check out.
But before checking them out one by one, let’s take a journey into the history and progress of the automobile industry in Nigeria.
Automobile Industry In Nigeria
- Automobile Industry In Nigeria
- The Top 10 Best Automobile Companies In Nigeria
- 1. Innoson Vehicle Manufacturing Company
- 2. IMC (Steyr Motors)
- 3. Massilia Motors
- 4. Monaplex Industries Nigeria Limited
- 5. Perfection Motor Co, Ltd
- 6. Peugeot Automobile Nigeria Limited
- 7. Proforcedefence Limited
- 8. Brightcloud Automobile Limited
- 9. Mayor Automobile Industries Limited
- 10. Oluyole Automobiles
The Nigerian automobile industry is categorized into two – “New” and “Used”. This means that used cars constitute a major portion of total imports. The new cars’ profit margins are taken off by ever-increasing grey imports and the inability of major Nigerians to buy new vehicles from authorized Nigerian car brands.
However, the automobile industry in Nigeria began to be relevant in the early 1960s. Then, private companies led to the establishment of local automobile assembly plants. They combine completely or partially knocked-down vehicle parts.
10 years later, the federal government got involved in the local auto-mobile production, having reached agreements with automobile manufacturers in Europe.
Normally, installed Nigerian automobile plants should produce 108,000 cars, 56,000 commercial vehicles, 10,000 tractors, 1,000,000 motorcycles, and 1,000,000 bicycles yearly.
From the industrial activities, 300,000 jobs were estimated to tackle unemployment, provided the manufacturing companies work at maximum capacity. However, Nigeria grew to depend solely on the oil market in the late 1970s. As a result, importation became so easy that local vehicle manufacturing companies in Nigeria faced high production costs. Over time, vehicle production reduced to a mere 10%.
In a bid to ensure the automobile industry in Nigeria does not die, the government introduced several importation policies. Then, the National Automotive Council (NAC) was founded to ensure the survival and growth of the industry. Since local, human, and material resources are available, the industry keeps thriving through the struggles.
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Today, the potential of the automobile industry in Nigeria is still very strong, though the production costs are very unbearable and output is minimal due to automobile competitors and importers from abroad. Car dealers in Nigeria never gave up, and till date, the industry keeps making slow but steady progress.
It’s about time we plunged into the details of the main article.
In the next subhead, we will reveal the best automobile companies in Nigeria. Some of them deal in manufacturing importation while others focus on assembling or sales of automobile spare parts.
The Top 10 Best Automobile Companies In Nigeria
Below is a list of the 10 automobile companies in Nigeria. You’ll discover every vital information you should have about them. From address to contact details and their emails, every part of this article offers you accurately researched information.
1. Innoson Vehicle Manufacturing Company
Innoson Vehicle Manufacturing Company is the first automobile brand in Africa. Commissioned by Ex-President Goodluck Ebele Jonathan at Nnewi, it was founded by Mr. Innocent Chukwuma, Officer of the Order of the Niger (OON).
IVM is one of the best automobile companies in Nigeria. It aims to produce lasting and affordable automobiles for Africans and to eliminate the importation of foreign used cars (tokunbo) into the country.
95, Owerri Road, Nnewi, Anambra State Nigeria
+234 812 220 2053
+234 803 088 9955
+234 813 444 9683
2. IMC (Steyr Motors)
IMC (Steyr Motors) assembles and manufactures motor vehicles in Nigeria.
Founded by Charles Ekundayo, the company is known for producing reliable, durable, and strong engines for vehicles including commercial, military, and marine applications.
IMC Steyr Motors is recognized among vehicle operators around the world.
1, Harbour Road, Apapa, Lagos Nigeria
+234 1 497 0023
+234 803 718 8702
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3. Massilia Motors
Massilia Motors Ltd, popularly called Mitsubishi Motors provide Nigerians with Mitsubishi products ranging from cars, SUVs, pick-ups, and their spare parts.
The company is a joint venture between the CFAO and CHANRAI Groups. It aims to become one of the leading automobile industries in Nigeria.
4A Ijora Road Causeway, Ijora Lagos Nigeria, Lagos Nigeria
+234 908 784 4000
4. Monaplex Industries Nigeria Limited
Monaplex Industries Nigeria Limited is one of the leading companies in the plastic industry. It produces over 500 automotive spare parts in Nigeria. Its products are sold in different African countries.
Monaplex has been in the manufacturing industry for over 40 years. And has gained wide acceptance and customers across Africa.
Km 16, 381/383, Ikorodu Road, Ojota, Lagos
0817 122 2945
0803 406 5306
5. Perfection Motor Co, Ltd
Perfection Motor Co, Ltd, founded in 2013, is one of the best automobile companies in Nigeria. It’s founded in collaboration with FAW China. The company was granted the right to market heavy-duty trucks in Nigeria in the same year.
In years to come, the company plans to extend into other parts of Nigeria like Abuja, Kano, Kaduna, and Portharcourt.
3 Ladipo Oluwole Avenue, Industrial Estate, Ikeja, Lagos, Nigeria
0814 693 2668
0813 484 7149
6. Peugeot Automobile Nigeria Limited
Peugeot Automobile Nigeria Limited was an idea of the Federal Military Government of General Yakubu Gowon in 1969. Nigeria formed a joint venture with Peugeot Automobile France (already approved for production on May 7, 1971).
It was incorporated on December 15, 1972. After 27 months, the assembly plant in Kaduna was commissioned on March 11, 1975. They provide cars and commercial vehicles.
Plot 1144, PAN Drive, Kakuri Industrial Estate, P.M.B 2266, Kaduna, Nigeria.
+234 (0) 62-290060
7. Proforcedefence Limited
Proforcedefence Limited deals in the manufacturing of armored vehicles for defense. The company was established in 2008.
Since then, the group’s target has been to produce automobiles to offer defense solutions for Nigerians.
Proforce developed a lively market for security and protection products within Nigeria and Africa. With time, it gained expertise and technical know-how which helped it produce armored vehicles for the government, communities, and Private sectors in Nigeria and Africa.
54, Balarabe Musa Crescent, Victoria Island, Lagos, Nigeria
+234 (0) 802 389 0712
8. Brightcloud Automobile Limited
Brightcloúd Automobile Limited is an automobile manufacturing company that produces carbon-neutral vehicles. With a view to fighting global warming, their vehicles are structured to emit CO2 gases.
They produce electric vehicles and bikes, solar panels among other automobiles.
33 Agboola Street Surulere Extension, Ijeshatedo, Lagos state Nigeria
0807 230 5516
9. Mayor Automobile Industries Limited
Mayor Automobile Industries Limited is a registered automobile company that deals with the importation and sales of different automobiles. The company imports and sells tokunbo vehicles and spare parts of popular automobile brands like Toyota, Honda, BMW, and Mercedes.
The company partners with auction companies in the USA and Canada alone. With a combined effort of experienced employees, Mayor Automobile is one of the best automobile companies in Nigeria. .
1 Fiiro Road Near Cappa Bus Stop Off Agege Motor Road, Oshodi, Lagos Nigeria
+234 802 651 1264
10. Oluyole Automobiles
Oluyole Automobiles provides spare parts for car brands like Nissan, Toyota, and Honda. The company further imports tokunbo cars and trucks, Haulage for sales.
If you’re looking for any of these products or parts, Oluyole Automobiles is one of the best automobile companies in Nigeria.
New Garage And Methodist High School, Lagos Ibadan Expressway, Ibadan Nigeria
+234 907 693 9902
Finding the right vehicles to buy can be tasking. It is either you’re sold substandard products or the prices are too high. Not to mention cases of fraud. That is why it is necessary you do your due diligence by first researching the top automobile companies in Nigeria. This would save your ass.
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