Coscharis is to start assembling Renault’s Logan and Duster brands in Nigeria, as well as distribute them from October this year.
Logans and Dusters will be assembled in the existing Coscharis Assembly facility in Lagos, where it already puts together the Ford Ranger at the SKD plant, while Renault’s Kwid and Oroch vehicles will be imported from Brazil.
The four cars will be distributed through the Coscharis Motors sales network throughout Nigeria.
“With a population of over 200m, Nigeria is a strategic African country where Groupe Renault will extend its footprint,” said Renault Africa, Middle-East India Pacific SVP and chairman, Fabrice Cambolive.
“The Coscharis Group is a recognised player in vehicle assembly and distribution. Thanks to their expertise and our products adapted to the local needs, we will be able to answer immediately to the customers’ demand in Nigeria.”
Renault has an 18% market share on the African Continent and sold more than 216,000 vehicles in 2018. The most important countries in sales volume are currently Morocco, Algeria, South Africa and Egypt.
Coscharis Group, established in 1977, is a wholly-owned Nigerian conglomerate with interests in various sectors, which include automobiles, information and communications technology, logistics, agriculture, food & beverages, property and health, among others.
The Group has branches across Nigeria and in three West African countries. It presently has automobile sales and service dealerships in Nigeria with five outlets in Lagos.