Okonkwo Samuel
The CEO of Innoson Vehicle Manufacturing Company, Chief Innocent Chukwuma has started manufacturing tricycles.
Recall that earlier this year, the Automobile wizard said he will crash the price of tricycles once he commences it’s manufacturing, and today he has fulfilled that by the first production of New Trycycles
Innoson made this disclosure months ago while taking a group of Catholic Bishops on a tour of his Vehicle Manufacturing Plant in Africa.
A source said tricycle currently sells for about N700,000, while some operators who.take them on hire purchase basis pay as much as N1.2million within a stipulated time.
The entry of IVM into the business may beat down the price to as little as N300,000.
Source: Anambra Current News
