Stallion group will begin to assembly Volkwagen brands of vehicles in Nigeria next year.
A statement on Sunday by Stallion echoed that it had penned an agreement with Volkswagen Group to commence the assembling of Jetta, Volkswagen CC, and Amarok models during an initial phase, followed by the Passat, Tiguan and other models in subsequent phases.
The Chairman of Stallion, Mr. Sunil Vaswani, was quoted as saying, “This is a proud moment for Stallion in partnering a world-leading global brand like Volkswagen.”
According to him, the Stallion is fully committed to achieving the objectives of establishing assembly operations in Nigeria, and expanding into other aspects of the automotive industry value chain.
Sunil reaffirmed his commitment to working with the Nigerian government to create jobs and attracting foreign investment as a means of growing the economy.
The statement also quoted the Executive Director of Sales, Middle East and Africa at Volkswagen, Dr. Jan Utermarck, as saying, “Volkswagen is on a constant global search for market and sales potential. Nigeria is the largest automotive market in the Sub-Saharan region; hence, we appreciate the fact that we have found a professional partner in Stallion to launch a local vehicle assembly in Lagos starting in 2015.”
The collapse of the joint venture between the German company and the Federal Government had led to the closure of their manufacturing facility in Lagos and the subsequent sale of government shares to the Stallion Group.