Friday, May 3, 2024

PAN clears air on NASS cars worth N6.1bn

The assembler of Peugeot brand of vehicles, PAN Nigeria Limited, has described a report that claimed it lacks capacity to deliver cars of members of House of Representative as ‘misleading and inaccurate.

Head, Corporate Communications, PAN, Mr. Haroun Malami, explained that the firm is adequately equipped to meet local demand for its vehicles as it is a key stakeholder and active player in the Nigerian automotive industry.

He said, “We are a pioneer car assembly plant in Nigeria with over four decades in vehicle assembly; our Semi-Knocked Down production capacity at the moment is 30 vehicles per shift; we are the only assembly plant with a fully built Completely Knocked Down facility ready for deployment when demand arises.

“With a robust dealership network and after-sales services, we are uniquely placed and committed to meet national, and our customers’ demand that are committed in meeting their financial obligation.”

According to him, the choice of Peugeot 508 over other vehicle brands by the House of Representatives was based on the “overall value offered by the vehicle in terms of price, performance and residual value.”

Malami described the decision of the House to go for the Peugeot brand was a demonstration of patriotism to buy made-in-Nigeria products and support for the government’s auto development plan and promotion of local industrialisation.

The auto firm had been contracted in the last quarter of 2015 by the House of Representatives to supply 360 units of Peugeot 508 series to the 360 members.

The report, which said that only 175 units of the vehicles had been delivered, indicated that “Peugeot lacks capacity to deliver the cars because of the huge number”.

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