Chief Innocent Ifediaso Chukwuma is a Nigerian business magnate and investor. He is the founder and CEO of Innoson Vehicle Manufacturing, Nigeria’s first indigenous automobile manufacturing company.

[url]interviewstories.org[/url] got to know about his plans for the future and the current state of things at present. Chief Innocent Chukwuma is the Chairman/Chief Executive Officer of Innoson Vehicles Manufacturing, IVM, a foremost automobile maker in Nigeria. Chief Innocent Chukwuma, CEO of Innoson told Vanguard that they manufacture vehicles and do not assemble vehicles. They build 100% vehicle body in Nigeria and getting over 60% materials used in manufacturing the vehicles in the country.

Innoson imports some engines and electrical components from other countries but produces all the plastic parts in Nigeria. They can mould and produce vehicles based on the demands and specifications of their customers which makes them a vehicle manufacturing company and not an assembling company.

The Nnewi, Anambra State-born Nigerian business magnate and astute entrepreneur started the company from scratch and make a name for himself. However, he believes he haven’t reached where he want to be. He advised entrepreneurs not to follow the crowd to succeed in any business and always bring their initiatives to it. He started trading in motorcycle parts with his brother by buying from companies like Leventis that were importing the parts then. From there, he started importing myself. Later, he developed a complete motorcycle (not just the parts) becoming the first Nigerian to develop complete motorcycle in Nigeria.

The IVM Chairman confirms that they do manufacture and supply vehicles for other African countries and as of August 2020, they have an order of about $4.7million worth of vehicles from the Sierra Leone government. vehicle manufacturers?
Innoson Vehicles Manufacturing Future

Most known foreign vehicle manufacturers want to partner or merge with me. A new factory in Imo will be opened in partnership with foreign companies. This will us to develop motor manufacturing on a bigger scale in Nigeria.

Innoson Vehicle Motors will launch a vehicle-hailing service in Eastern Nigeria in the last quarter of 2020. They will begin with 200 and then ramp up to 500 covering most parts of the Eastern part in Nigeria. There is plan that the drivers will be trained by men of the Federal Road Safety Corps.

Source https://interviewstories.org/innoson-manufacture-vehicles-not-assemble-vehicles/