M a r k e t N e w s

Future Boost for Domestic Automobile Assemblers in Ethiopia

Posted on : Wednesday , 7th October 2020

Prime Minister Abiy Ahmed's leadership said to take unprecedented measures in formulating conducive business climate for automotive industry thereby enhancing the capacity of domestic car assembling firms and putting the import substitution strategy in a good shape.

Speaking to The Ethiopian Herald, Founding CEO and Managing-Director of a local automotive firm, Marathon Motor Engineering, Melkamu Assefa said that Premier Abiy has taken viable measures in the automotive industry that is taking into account the sector's important role in advancing the current economic growth.

The CEO pointed out that the decision made by the current administration to cut the 35% excise tax levied in new cars to 5% makes newer cars more affordable to Ethiopia's growing middle-class that would have role to lessen the huge forex the country incurred to import petroleum and spare parts.

The incumbent's success in the automotive industry further witnessed by more and more skilled labor force graduated from Technical and Vocational Education and Training centers are joining the sector. "As a manifestation for the betterment in skill development programs, Marathon Motor recently handed the first-ever electric car, which is fully assembled by Ethiopian professionals, to Prime Minister Abiy."

by government's green economy, the firm pioneered to assemble electric cars locally that have zero emission of carbon dioxide and cost-efficient for individual customers and benefit the national economy in cutting short the huge petroleum and diesel expenses. Electric cars are also easily chargeable in charging stations as well as household electric supply and could travel up to 300 kilo meters per a single charge.

He pointed out that his company is hopeful to capitalize on the government's commitment to set enabling business climate for domestic car assembling plants and envisioned to commence mass production of electric viechles at a more affordable price for the middle-incomes.

The CEO highlighted that paving the way to small and medium enterprises to produce car spare parts and equipping them with up-to-date knowledge and technological caliber is a key factor to lessen the pressing forex expense the country incurred to import those items from global market. The government also needs to ease allocation of forex and reduce excise tax and other related dues to make new cars more affordable to the greater portion of the society thereby stimulating the domestic automotive business. Estimates indicated that currently more than 1.3 million registered vehicles in Ethiopia

Source : www.innzaf.com
Featured Companies
  • Bajaj Auto
  • Nissens A/S
  • Bajaj Auto
  • Tire Group International, LLC.
  • dubaiexporters.com
  • Steelmate - Think safety think Steelmate

Complete List  

Advertisers in previous issue:

  • Car garage equipment
  • Rolman World is one of the largest and most established distributors of bearings and related technical services in the Middle East and Africa.
  • Trade Exhibition
  • Leading Dealers,Wholesalers & Retailers Specially For Nissan,Toyota & All Japanese Car Genuine Spare Parts.
  • FM Filter Monza can respond to this need with a wide range of ready or customized filters, manufactured using different technological solutions.
  • Steelmate - The world leading manufacturer in mobile electronics industry
  • Pensol Industries Limited has a wide range of products, both in Automotive and Industrial lubricants
  • Zhenjiang Huixiang Light&Electrical Co.,Ltd.), which located in Zhenjiang, Jiangsu Province of China, specialize in producing auto&motorcycle bulbs.
  • High quality spare parts for truks
  • Manufacturer of extensive range of clamps, connectors and fasteners.
  • Range,Service,Quality.
  • Specialized in development, design, manufacture and sale of steel wheel of the truck and trailer and bus,etc.
  • Meizhou Jinda Auto Parts Co.,Ltd. is a state-owned enterprise ,specializing in manufacturing auto clutch disc and brake.
  • JINGZHOU JINGFU AUTO PARTS CO.,LTD , a Taiwan & Hubei joint venture, is focusing on manufacturing and supplying professional suspension parts.
  • A truly global provider of quality vehicles.
  • Pro Media is established by a group of advertising sales people who have had over 25 years of experience in Taiwan’s two-wheeled industry.
  • Yellow stone diesel-One of the leading manufacturers of engine parts.
  • Mobile Crushing and Screening plant
  • Auto Parts
  • Al Maroof Trading Company is one of the leading Auto Parts Dealers based in UAE and Pakistan.
  • Wheel bearing / Hub units,Water pump bearings,Deep grove ball bearings;Strut bearings;Heavy duty truck tapers;Tensioner bearings
  • Our corporation is an important motorcycle production base in southern China.
  • TOMAD International, Inc. is an export management company specializing in sales and marketing within the Middle East and Africa region.
  • Changzhou Guoshi Vehicle Accessories Co.,Ltd. is proficient in vehicle spare parts manufacturing and has involved a lot of capital, time and resources to make us prominent in this industry.
  • Global Auto Parts is an Automotive Aftermarket spare parts wholesaler offering genuine quality aftermarket replacement parts for all makes and models of passenger cars, light commercials vehicles, trucks and trailers.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2020 Afrotrade