Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

CFAO Motors Commences Toyota Fortuner Assembly in Kenya, Boosting Local Automotive Industry

Joel Mugonyi by Joel Mugonyi
July 31, 2023
in News
Reading Time: 2 mins read

CFAO Motors has initiated the assembly of Toyota Fortuners at the Associated Vehicle Assemblers (AVA) facility located in Mombasa County. The company has invested Kshs 120 million in AVA for technology upgrades and training to support the new assembly line.

Read more: Roam’s New Electric Bike Assembly Plant in Kenya Marks a Green Revolution in the Mobility Sector

The plant was inaugurated by President William Ruto and is expected to generate direct employment for 100 people and indirect employment for 500 others. CFAO Motors is also committed to promoting local sourcing of parts through technology transfer and technical expertise.

Chairman Dennis Awori revealed that in the first year, they plan to assemble 350 vehicles, with the potential for a gradual increase in accordance with the National Automotive Policy and the growing market demand. The inclusion of the Fortuner assembly line expands CFAO Motors Kenya’s locally assembled vehicle range following its recent merger with DT Dobie.

RELATEDPOSTS

Joshua Anya

CFAO Motors Appoints Joshua Anya As Its First Deputy MD

July 26, 2022

Read more: Kenya’s BasiGo Expands E-Mobility Reach with Rwanda’s AC Mobility Partnership

Currently, CFAO Motors Kenya already locally assembles various vehicles, including the Land Cruiser LC79 series, Hino trucks and buses, Hilux single and double cab pickups, and the Toyota Hiace (mini-bus) at the AVA. Additionally, they assemble Mercedes-Benz trucks and buses, Hyundai trucks, and Volkswagen passenger cars at the Kenya Vehicle Manufacturers assembly plant in Thika.

Managing Director Arvinder Reel expressed optimism about the anticipated operationalization of the National Automotive Policy, which is expected to fuel exponential growth in the local assembly of vehicles. The policy’s implementation not only promises more job opportunities and increased local component manufacturing capacity but also presents Kenyans with the chance to own brand new vehicles at more affordable prices.

Read more: Toyota Kenya Rebrands to CFAO Motors Kenya

Email your news TIPS to editor@thesharpdaily.com

 

Previous Post

Safaricom Announces Planned Tariff Increase Following Court’s Decision on Finance Act 2023

Next Post

Career Forum with Ms. Ashely Njoroge: Propelling your Career

Joel Mugonyi

Joel Mugonyi

Related Posts

News

Dividend Sustainability

September 30, 2026
News

Kenya’s Virtual Assets Regulations

September 30, 2026
Analysis

Kenya’s domestic debt rises to kSh7.73 trillion

September 28, 2026
News

Money Market Funds are Reshaping Kenya’s Investments

September 28, 2026
Analysis

Dangote’s USD 660.0 mn pipeline plan and the future of East Africa’s energy infrastructure

September 25, 2026
News

Green Bond Financing is Powering Africa’s Energy Transition

September 25, 2026

LATEST STORIES

Kenya’s inflation pushes to 6.8% in September

September 30, 2026

Dividend Sustainability

September 30, 2026

Kenya’s Virtual Assets Regulations

September 30, 2026

OpenAI cancels GPT 6.1 Astra release over safety concerns

September 29, 2026

Kenya’s domestic debt rises to kSh7.73 trillion

September 28, 2026

Kenyan businesses to start paying for WhatsApp service messages from October 1

September 28, 2026

The Case for Pension Benefits in Kenya’s SME Sector

September 28, 2026

Sub-Saharan Africa Raises $9.3 Billion in Eurobonds as Borrowing Returns

September 28, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us

Sharp Daily © 2024