Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,194 members, 7,835,965 topics. Date: Tuesday, 21 May 2024 at 06:18 PM |
Nairaland Forum / Nairaland / General / Car Talk / Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? (593 Views)
Innoson Vehicle At Second Intra-african Trade Fair South Africa(photos) / Oilserv Partners INNOSON Vehicle Manufacturing (IVM) Company.(photos) / Inside The Innoson Vehicle Manufacturing Plant As You Have Never Seen It Before (2) (3) (4)
Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 7:25pm On Jun 06, 2023 |
Someone posted this on Twitter and I was all over the comments trying to analyse the possibility of that happening .. And then I though Has it been done before ? Yes What was the public's reception of the car ? ?? What where the set backs ?? Why was it not popular especially in the African market where cheap products are easily being sold ?? .. and then
|
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Absuchat(m): 7:32pm On Jun 06, 2023 |
Na Keke u wan buy? 1 Like |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 7:34pm On Jun 06, 2023 |
Absuchat: Calm down bro .. it's a long thread .. |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by shortgun(m): 7:39pm On Jun 06, 2023 |
It depends largely on the purchasing power of 1 million naira or less. Tinubu that I know is worse than Buhari in every aspect so I expect 1 million to be worth less than 400k of today in few years to come if he continues to occupy the office of the president illegally on a stolen mandate. Thank God for the judiciary, he will soon be sent packing. Nigeria can never survive another disaster like Buhari. 1 Like |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by degamonn: 7:39pm On Jun 06, 2023 |
You can't get any good car at that rate. Good and durable cars are not cheap. If we insist, they will try since the vehicles are more of Chinese origin. |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 7:43pm On Jun 06, 2023 |
In the history of cheap cars .. the Tata nano takes the lead with that experiment . It costs $1300 which is approx 1million naira .
|
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by RoadMozart(m): 7:52pm On Jun 06, 2023 |
Antihelminth:This one na advance tricycle na 2 Likes |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 7:52pm On Jun 06, 2023 |
Now let's explore what actually made the TATA nano to fail It failed due to 1.Quality and safety concerns, including fire incidents... 2.Perception as a "cheap" car affected desirability. 3.Marketing and brand image failed to position it as aspirational. 4.Limited features and performance, lacking convenience and comfort. 5.Production and distribution challenges, long waiting periods. 6.Changing consumer preferences towards feature-rich options. 1 Like |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 7:59pm On Jun 06, 2023 |
Now let's explore engine options .. A new 1.0 litre engine cost Abit more than $2000 .of course you'd typically want to put a one litre engine in a smart car or pseudo smart car . Anyhow you wanna call it .Without a turbo charger of course. producing like 70 to 100hp at 2000rpm or 5000rpm is feasible . But then that $2000 engine was produced by first world countries with first world minimum wage .and first world research and development . That's why it's expensive . Replicating it would really cut the cost in half . 😎 The Chinese are good at that game of replicating "knock offs" .and they are usually good as original soooo 1 Like |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by vastolord4(m): 8:22pm On Jun 06, 2023 |
It's very achievable if he's backed by gov.. on the long run, he'll make his doe but I'm not sure the gov is ready for us 1 Like |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 8:24pm On Jun 06, 2023 |
Looking at the brighter side .. using cheap Nigerian labour plus steel . It's actually possible to make a car like that but it would cost at least 3 million a pop . But then let's explore the limitations and possibilities. . 1. Low perception amongst buyers .Nigerians typically would shame you for having the "popular cheap car " I doubt we would have that problem .I mean Keke is cheap .people still buy it .hijet is cheap and unreliable people still rush it . 2.machines that make the machines .stamping the metal components need serious machines and those don't come cheap ..a loan from BOA would solve it but then u need to pay it off .and that would reflect on the final cost of the car .however an already established car company can pull it off seamlessly 3 changing technology ..seriously ..slapping a giant screen in the car solves it ..the Tata nano became too outdated ..and simply that would have solved it |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 10:14pm On Jun 06, 2023 |
vastolord4:Its not really feasible as setting up a new company is expensive and Nigerians already love second hand luxury goods .. Questions like why buy a small car of 4 m while you can get a Benz SUV of 4m |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 10:15pm On Jun 06, 2023 |
RoadMozart:Kinda .. it tansports 4 people tho with 4 tires and a steering wheel |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 10:17pm On Jun 06, 2023 |
shortgun:Tinibu this Peter obi that .. it's getting annoying . You people should move on please . The topic isn't about them 1 Like |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 10:19pm On Jun 06, 2023 |
degamonn:Alot of Chinese cheap cars are already in the market . Ie hijet and others . Luxry cars are not cheap agreed . But then basic cars are cheap and if we make them here they would be more affordable imo |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Martinsmine(m): 4:15am On Jun 07, 2023 |
Igno man like profit... So he won't manufacture it.. instead he will say loan ...... |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Antihelminth: 6:55am On Jun 07, 2023 |
Martinsmine: Yes giving loans to salary earners . Let's say it cost 5 million .. A salary earners of 100k can comfortably own a new car |
Re: Can Innoson Vehicle Manufacturing [IVM] Produce Cars Of 1million Or Less ?? by Martinsmine(m): 11:41pm On Jun 09, 2023 |
Antihelminth:so possible but i doubt if he is ready to process car loans 1 Like |
(1) (Reply)
Feeling Of Your Car Moving Backward When A Long Truck Pass By Your Side / Nigeria Mentality Towards People That Drive Benz Or Venza / Toyota Corolla 2009 Gearbox Box Problem
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28 |