Hyundai na Renault zitaanza kuassemble magari yao Kenya mwezi ujao

[Tony254]

​

Hyundai dealer to assemble locally​

THURSDAY APRIL 28 2022

Caetano, the local franchise holder of Hyundai and Renault cars, plans to start assembling the vehicles in the country from May, being the recent dealer moving to tap tax incentives in the automotive sector.

The company said it is in talks with a local assembly plant but did not disclose the partner.

There are two local multi-brand vehicle assemblers —Kenya Vehicle Manufacturers in Thika and Associated Vehicle Assemblers in Mombasa.

“We plan to have a local assembly to comply with the direction the government is pushing us,” said Pedro Campos, managing director of Caetano’s Kenya business.

“We are waiting for a formal license from the ministry of industrialisation which should be coming in May, and thereafter two to three weeks we start assembling.”

Assemblers of passenger cars currently enjoy exemption from the 25 percent import duty and could soon be also exempted from 16 percent value-added tax (VAT) and excise duty (20 percent) if the proposals by the Treasury are enacted into law.

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Cars manufactured abroad are charged import duty, excise duty, and VAT, payable cumulatively and in that order.

Egypt’s listed auto dealer Ghabbour Auto (GB Auto) has also announced plans to establish a joint venture to assemble and distribute passenger vehicles in Kenya.

The company manufactures, assembles, imports, and distributes vehicles for Hyundai, Bajaj, Mitsubishi, and Volvo.

Caetano is eying local assembly to reduce delivery time and push down the prices of the brands, to increase its market share.

Mr Campos said prices of Hyundai and Renault brands which remained unchanged locally, are expected to rise by more than 15 percent in the second half.

“The price of the imported vehicles will depend on logistics, but our big concern has been delivery time for clients,” he added.

The company sold 26 units of Hyundai models in the quarter to March 2022, according to data from the Kenya Motor Industry Association (KMI).

The tax incentives are expected to expand the list of passenger cars currently assembled locally. Proton and Volkswagen are among the car brands put together at Kenyan plants.

ekivuva@ke.nationmedia.com

Hyundai dealer to assemble locally

Caetano, the local franchise holder of Hyundai and Renault cars, plans to start assembling the vehicles in the country from May.

www.businessdailyafrica.com

 

[Tony254]

Kufikia sasa zaidi ya brands kumi za magari zina-assemble magari zao Kenya. Zamani ilikuwa kwamba wakati wa elections investors wanatoroka Kenya lakini mwezi huu pekee Visa, Microsoft, Amazon, Google na sasa Renault na Hyundai zote zimetangaza kuwekeza Kenya.

 

[Don YF]

Lazima itakua walikagua wealth report wakaona taifa la Kenya liko na watu wa uwezo, thus soko.., an investor cannot go to a relatively poor country, they do thorough background check wasipoteze pesa.,n many are coming in!

 

[pingli-nywee]

Kenya ya viwanda, safi sana.

 

[EINSTEIN112]

Rwanda alishaanza na hatuyaoni

 

[Tony254]

Lazima itakua walikagua wealth report wakaona taifa la Kenya liko na watu wa uwezo, thus soko.., an investor cannot go to a relatively poor country, they do thorough background check wasipoteze pesa.,n many are coming in!

True. Investors wameamua this year wanainvest Kenya kwa fujo. This is good.

 

[Asprin]

Hongereni majirani. Acha sisi tuendelee kuupiga mwingi baada ya kufiwa na kiongozi wa malaika na mtetezi wa wanyonge...

 

[Tony254]

Rwanda alishaanza na hatuyaoni

Rwanda wana assemble brand moja tu ya gari kwa jina la Volkwagen na walipiga makelele ni kama dunia inakwisha. Kenya tuna assemble zaidi ya 10 different brands za magari na tumenyamaza.

 

[Asprin]

Rwanda alishaanza na hatuyaoni

Rwanda wanatengeneza Toys

 

[EINSTEIN112]

Rwanda wana assemble brand moja tu ya Volkwagen na walipiga makelele ni kama dunia inakwisha. Kenya tuna assemble zaidi ya 10 different brands za magari na tumenyamaza.

Tunasubiri mrejesho

 

[Tafuta Hela]

Royo tua

 

[MK254]

Dah! Watuache sasa, hatupumui, kwa mwendo kasi huu jameni.....hadi raha.
MATAGA mpoooo!!!!!

 

[Mzee Kigogo]

Rwanda wana assemble brand moja tu ya gari kwa jina la Volkwagen na walipiga makelele ni kama dunia inakwisha. Kenya tuna assemble zaidi ya 10 different brands za magari na tumenyamaza.

Mmenyamaza kivipi wakati kila siku wewe na mwenzio MK254 mnabandika thread za kujisifu?!
Anyway hongereni

 

[MK254]

Mmenyamaza kivipi wakati kila siku wewe na mwenzio MK254 mnabandika thread za kujisifu?!
Anyway hongereni

Huwa tunaeleza 2% ya mazuri yanayotendeka nchini, tukisogeza kidogo tutajaza server za watu bure na pia tutaishia kuchosha MATAGA, maana lazima tuwaachie fursa kidogo wajibu nyuzi kwa wivu na matusi yao.