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Dates
2025/04/25 - 2025/04/26
Nigeria is home to several notable automobile manufacturing and assembly plants that cater to both local and international markets. These companies contribute significantly to the economy by providing employment opportunities and reducing dependency on imported vehicles. Below is a detailed look at some of the top automotive companies in Nigeria.
Nord Automobiles Limited
Lanre Shittu Motors (LSM)
Innoson Vehicle Manufacturing (IVM)
Peugeot Nigeria (PAN Nigeria Limited)
Globe Motors
Dana Motors
Stallion Motors
Coscharis Motors
Proforce Limited
Elizade Motors (JAC Motors Nigeria)
Nord Automobiles Limited is a proudly Nigerian vehicle manufacturer founded by Ajayi Joshua Oluwatobi. As the CEO, he brings a wealth of experience, having co-founded Jetvan Automobiles Limited, a recognized dealer of Mercedes-Benz Sprinter vehicles in Nigeria.
Nord Motors is headquartered in Lagos and produces various models, including Nord A3, Nord Max, Nord A5, and Nord Flit.
The company aims to re-establish Nigeria as a car-manufacturing nation by producing durable, high-quality vehicles tailored for Nigerian roads and climatic conditions.
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Lanre Shittu Motors (LSM) is a key player in Nigeria's automotive industry, particularly in the truck and heavy-duty vehicle segment. Recognizing the country's growing demand for commercial vehicles, Lanre Shittu, the founder, established this assembly plant to provide affordable and high-quality trucks.
With a monthly production capacity of over 150 trucks, LSM plays a vital role in Nigeria’s logistics and transportation sector. The company also specializes in sales and servicing of Mack, Foton, and Toyota trucks and buses.
Founded by Innocent Chukwuma, Innoson Vehicle Manufacturing (IVM) is the first indigenous car manufacturing company in Africa. Established in 2007, IVM was officially commissioned on October 15, 2010, during the administration of former President Goodluck Jonathan.
Innoson Motors is renowned for producing a wide range of affordable and durable vehicles, including cars, SUVs, buses, and trucks. The company sources 70% of its vehicle parts locally, further boosting Nigeria's industrial sector.
Peugeot Nigeria, established in 1969, remains one of the oldest automobile assembly plants in the country. Originally a joint venture between Peugeot and the Nigerian government, the company is now managed by ASD Motors after the federal government sold its equity stake.
Despite facing economic and infrastructural challenges, Peugeot Nigeria continues to produce sedans and SUVs, catering to both corporate and government needs. Its assembly plant is located in Kaduna.
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Globe Motors played a major role in bringing Hyundai to the Nigerian market. In 2018, the company partnered with the South Korean manufacturer to establish an assembly plant in Nigeria.
Since then, Globe Motors has introduced several Nigeria-made Hyundai models, including the Hyundai Elantra and Accent. The company also distributes vehicles from Mercedes-Benz, Toyota, and Higer.
While Dana Group is widely known for its airline services, it is also a major player in the Nigerian automobile sector. Dana Motors is the official manufacturer and distributor of Kia vehicles in Nigeria. The company has an assembly plant dedicated to producing Kia models, particularly the Kia Rio, which has gained popularity among Nigerian consumers for its affordability and fuel efficiency.
Stallion Motors is a key automobile player that took over the assets of Volkswagen of Nigeria Limited after the federal government privatized the company. This move led to the introduction of locally assembled Nissan vehicles, which became popular in 2014.
By producing vehicles locally, Stallion Motors has significantly reduced car prices, making them more accessible to Nigerians. This affordability has led to the adoption of Nissan vehicles by government agencies as official cars.
Coscharis Motors is one of Nigeria's most renowned auto companies, known for assembling luxury and premium brands such as BMW, Ford, Jaguar, Land Rover, Rolls-Royce, and MINI.
In 2018, the company launched a state-of-the-art assembly plant with a production capacity of over 10,000 vehicles per year. With multiple showrooms and aftersales service centers across Nigeria, Coscharis Motors remains a leading name in the country’s automobile industry.
The company is owned by Cosmas Maduka, a seasoned entrepreneur with vast experience in the automobile sector.
Unlike traditional car manufacturers, Proforce Limited specializes in the manufacturing of armored and defense vehicles. Established in 2008, the company provides military-grade armored solutions for law enforcement agencies, government officials, and private individuals.
Led by Ade Ogundeyin, Proforce has solidified its position as a leading defense technology provider in Nigeria and Africa. It is known for producing bulletproof cars, armored personnel carriers (APCs), and military-grade equipment.
Elizade Motors is an authorized dealer and assembler of JAC vehicles in Nigeria. Under its subsidiary, Auto Land Ltd, the company operates an assembly plant in Lagos with a production capacity of 15,000 vehicles annually.
Founded by Chief Michael Ade-Ojo, Elizade Motors has grown into a conglomerate with subsidiaries such as Toyota Nigeria Limited and Mikeade Property Development Company. Today, the company remains one of the largest Toyota and JAC distributors in Nigeria.
The Nigerian automobile industry is evolving, with both indigenous and foreign manufacturers playing a crucial role in providing quality and affordable vehicles to citizens. From locally manufactured cars to premium luxury brands, these top automotive companies in Nigeria are helping to shape the future of the country’s transportation sector.
With continuous investments and government support, the Nigerian automobile industry is poised for further growth, ensuring that more citizens can access locally assembled vehicles at competitive prices.
