Leading Chinese automaker, JAC, has expressed its intention to look into the Middle East and African markets to boost its sales.
The company says it plans to focus on young, tech-savvy and style-conscious drivers in the two markets.
This, Business Post learnt, brought about the launch of JAC’s S2 model SUV at the Cairo Automech auto show in March.
With a stylish and sporty exterior, high-end specifications, outstanding off-road performance and reasonable price tag, the S2 is expected to repeat the sales success of the S3, which has sold over 300,000 vehicles globally since its release nearly two years ago.
The S3 has sold particularly well in Egypt since its launch there last July, passing 100 vehicles per month.
In terms of commercial vehicles, JAC recently celebrated its 300,000th high-end light-duty truck sold. As it is known, JAC has sold over 300,000 high-end light duty trucks internationally over the last 14 years.
In the South American market it has made a great impression, with the best-selling Chinese models in Chile, Peru and Colombia, among others.
Due to its excellent reputation and high-quality products, JAC has also entered the highly competitive Southeast Asian market, which has been dominated by Japanese brands for a number of decades. JAC’s Euro V light-duty truck has also entered large and developed auto markets such as Turkey and Mexico.
JAC also plans to expand its international exports of electric vehicles (EVs) in the coming months. In April JAC’s EVs became the third best-selling electric models worldwide, with 2,331 vehicles sold that month.
Supporting the evolution of this high-growth sector, JAC has continually developed its electric vehicles, boosting its sales by 400% compared with the same period last year.
In particular, the IEV 6S, launched at the 2016 Beijing Auto Show, has received much acclaim from customers for its stylish exterior and eco-friendly technology. The IEV 6S is the first pure electric model to be released in China, equipped with an advanced Samsung lithium battery, and with a range of up to 300km.
During the first half of the year JAC has sold 333,639 vehicles, an increase of nearly 15% from the same period last year, according to data from the China Automobile Association. The S3 model has performed particularly well, selling 97,457 units during 2016, winning an award as the H1 SUV sales champion in China.
Industry experts have put JAC’s recent success down to its focus on quality products and high level of customer care.
Ibadan Tanker Explosion: OYRTMA Issues Traffic Advisory
By Aduragbemi Omiyale
The Oyo State Road Transport Management Authority (OYRTMA) has advised road users to use alternative routes, while its men and other relevant agencies strive to return normalcy to the route.
This traffic advisory became necessary following an explosion of a petrol-laden tanker along the Agodi area in Ibadan, the state capital.
The Chairman of OYRTMA, Mr Akin Fagbemi, in a statement on Friday, stated that efforts were being made to bring the situation under control.
He stated that “the incident, which resulted to the slagging of powered electric poles and cables dangling across the road, portends danger to motorists plying the route hence, in the interim, the authority has barricaded the way from Total-Garden to Agodi-Gate, Ibadan to enable safety officials of relevant government agencies evacuate the affected vehicles and restore normalcy.”
“Motorists are advised to navigate towards the State Secretariat at the Total-Garden Round-about to link the Government Road towards the Kola Daisi Civic Center inwards Agodi-Gate to Iwo-Road,” he disclosed.
“Alternatively, Motorists could opt for the Premier Hotel road to link the State Secretariat and move as above.
“From Beere to Iwo-Road Motorists are advised to take the Oje-Market to link Agodi-Gate inwards Iwo-Road.
“Another alternative is for motorists to move from the State Secretariat and navigate Ikolaba via the Nigerian Customs Zonal Hq. to get to Iwo-Road, Ibadan,” he further stated.
The agency beseeched commuters to drive carefully around the affected area as its men and officers are working concertedly with relevant agencies to restore normalcy in the shortest time possible.
Coscharis Partners Sterling Bank for Vehicle Finance Scheme
By Ashemiriogwa Emmanuel
A leading auto dealership in Nigeria, Coscharis Motors, has partnered with Sterling Bank Plc to offer a vehicle finance scheme to allow retail and fleet buyers to purchase their choice vehicles through a repayment plan from the bank.
The partnership has also seen that the auto company lists its vehicles on the bank’s Non-Interest Banking Division platform- AltDrive to equally promote e-commerce transactions.
With this, customers are offered an online retail marketplace where vehicular brands sold by Coscharis Motors can be accessed and purchased either through self-funding or credit finance from Sterling Bank.
The Coscharis Group General Manager, Marketing and Corporate Communications, Mr Abiona Babarinde, while commenting on the idea, said that, “We took this strategic decision earlier in the year to collaborate with relevant stakeholder partners to be able to give our numerous discerning customers and prospects alike the soft landing of owning any of our vehicles with ease in terms of providing friendly financial schemes.”
According to him, the repayment pattern can be expanded for up to five years, of which customers can choose between 15 per cent to 30 per cent initial payment.
He said this is coupled with the bank’s friendly interest rate and ease of accessibility to a plethora of car brands to aid customers’ ultimate satisfaction.
“This ultimately gives anyone the capability to purchase any of our brands with more convenient payment terms with any of our partners like the Sterling Bank.
“We started this initiative with one of our sister companies in the group, Coscharis Mobility, representing sixth in Nigeria amongst some other financial institutions while others are in the pipeline to come on board,” Mr Babarinde added.
Ember Months: Makinde Urges Drivers to Drive Cautiously
By Modupe Gbadeyanka
Governor Seyi Makinde of Oyo State has encouraged drivers across the state to be more careful during this last quarter of the year as the vigilance of everyone means safety for all while negligence of anyone portends danger to all.
He said this at the 2021 National Workshop for Proprietors and Training for Instructors of Driving Schools organised by the Federal Road Safety Corps (FRSC).
Mr Makinde promised to consolidate the existing relationship with the agency to reduce accident indexes in the state, particularly during the ember months, noting that the partnership will ensure continuous and adequate training of drivers across the State.
The Governor, who was represented by the Chairman of the Oyo State Road Transport Management Authority (OYRTMA), Mr Akin Fagbemi, said the collaboration was necessary at such a time when there are more vehicular movements usually associated with some haste, rush and unacceptable attitude of untrained drivers.
He commended the FRSC on the ongoing Driving School Standardisation Programme (DSSP) aimed at improving driving school operations in Nigeria.
He noted that the programme has developed uniform standards, safety consciousness, professionalism and proficiency in drivers’ education in the State.
Mr Makinde extolled FRSC saying, “the great successes recorded in monitoring and regulating the driving school industry through driver training education which is evident in the reduction of road traffic crashes over the years as a result of improved driver education in recent times.”
The Governor added, “It is also very important to note here, that training of learner and professional drivers must be carried out in accordance with standards enshrined in the driving schools training manual, with all the required training facilities in place, most importantly trainees must undergo all the sessions required for the type of vehicles they intend to learn how to drive and at the end must pass the Compulsory Computer Base Test (CBT) before the National Drivers Licence is issued to them”.
“Through these efforts put in place by the FRSC, Nigeria has been recognized globally by several organizations including the United Nations and other international road safety organizations. Our National Drivers Licence is now recognized and accepted by counties across the globe,” the Governor said.
Stakeholders at the workshop included the Oyo State Commissioner of Police, Director DSS Oyo State Command, Representative of the FRSC Corps Marshal, Representatives of the Comptroller General of Customs, NSCDC among several others.
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