VON Automobile Nigeria Backs Tinubu's Investment Initiative with Hinduja Group MOU
VON Automobile Nigeria supports President Tinubu's investment initiative linked to the 2023 G20 Summit. A new MOU with Hinduja Group commits to a multi-billion dollar investment aimed at enhancing Nigeria's automotive sector.
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VON Automobile Nigeria has endorsed President Bola Ahmed Tinubu's investment initiative, aligning with the G20 Summit on September 9th and 10th. The initiative includes a Memorandum of Understanding (MOU) with Hinduja Group, where Chairman Gopichand Hinduja pledged multi-billion dollar investments in Nigeria's automotive industry.
Dr. Harpreet Singh, Managing Director of VON, noted that the company is transitioning its mass transit buses to operate on compressed natural gas (CNG) and electric power. This move aims to reduce operating costs amid recent fuel subsidy removals. VON's assembly plant in Lagos produces various vehicles, including the locally assembled Ashok Leyland buses since 2014.
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