Election jitters apply brakes on new vehicle sales
Formal dealers including Isuzu East Africa, Toyota Kenya, and Simba Corp sold a total of 9,868 units in the review period.
Source: businessdailyafrica.com
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Ashok Leyland announces financing tie up in Kenya for vehicle financing, as channel partner Deluxe Trucks and Buses inks agreement with Kenya Commercial Bank
/PRNewswire/ -- Ashok Leylands authorized distributors, Deluxe Trucks and Buses in Kenya have signed a partnership with Kenya Commercial Bank to jointly...
Source: prnewswire.com
New car owners turn to used spares as prices surge 50pc
Sparepart prices in Kenya have jumped by up to 50 percent in the last six months on rising shipping costs and a weakening shilling.
Source: businessdailyafrica.com
KCB Bank Customers to enjoy up to 95% Financing Deal In New Partnership
KCB Customers will now enjoy up to a 95% asset financing deal with an extended repayment period of 72 months as well as a comfortable 60-day payment holiday. This is after KCB Bank and Deluxe Trucks & Buses inked a deal that will see customers access an embedded tracking and insurance package.
Source: kachwanya.com
What it takes to steer giant car spare parts firm
Auto Springs is known for manufacturing springs, bolts and fasteners, and wiring harnesses. Its sales average Sh580 million($5 million).
South Africa Nephat Njengwa Kenya Association Of Manufacturers Kenya Bureau Of Standards Kebs Kenya Wines Agencies Ltd Ascent Rift Valley Fund
Source: standardmedia.co.ke
KVM assembled vehicles output declines to 2pc
A National Automotive Policy recently submitted to Parliament recently shows that KVM is the worst performing assembler in the country.
Source: businessdailyafrica.com
Assemblers to meet 30pc local car parts rule for VAT waiver
The main car components sourced locally include batteries, tyres, seat covers, and windows but they are not of high value.
Source: businessdailyafrica.com
Parts makers eye more sales from ban of used vehicles
The policy is designed to create demand for locally assembled commercial vehicles as part of efforts to create jobs.
Rift Valley Nephat Njengwa Simba Corporation Kenya Bureau Of Standards Kebs Simba Corp Kenya Motor Vehicle Industry Association
Source: businessdailyafrica.com
Stay firm on used buses, trucks import ban
The day, July 1 will mark a major shift in industrial policy for the local motor vehicle assembly industry in Kenya.
Source: businessdailyafrica.com
Assemblers take 75 percent share of new vehicle sales
Data from KMI shows that firms including Isuzu East Africa and Simba Corporation assembled 4,174 units out of the total of 5,526 new vehicles sold.
Nairobi Area South Africa Rift Valley United Kingdom Simba Corporation Kenya Bureau Of Standards Kebs
Source: businessdailyafrica.com