Kenya New Home to Mahindra cars

Associated Vehicle Assembly (AVA) is a wholly-owned subsidiary of Simba Corporation Limited.

Speaking during the launch at State House, Nairobi, President Kenyatta directed the National Treasury and the Kenya Revenue Authority to immediately institute actions aimed at reducing taxes for vehicles that are fully assembled locally.

“Further, to make locally assembled vehicles more affordable and available to Kenyans, I have also directed that the National Treasury and the Ministry of Trade, Industry, and Cooperatives hold discussions with financial institutions to create special products for locally assembled vehicles,” President Kenyatta said.

The Head of State asked motor vehicle assemblers, in consultation with the National Treasury and the Ministry of Industry, to work out a mutually agreeable framework that will ensure the benefits accruing from the tax incentives are passed on to the consumer.

With the launch of the two-vehicle models, President Kenyatta said Mahindra Motors has joined the list of globally renowned automotive brands that have chosen Kenya as their home.

Other global automobile brands that are locally assembled in the country include Toyota, Peugeot, and Volkswagen.

The President emphasized that his administration has prioritized the local assembly of motor vehicles as a means of creating jobs and enhancing technology transfer.

“I shall continue to provide incentives to expand this sector,” the President said as he commended Simba Corporation Limited for choosing to expand its investments in Kenya.

“We appreciate your sustained investment in Kenya as it is a vote of confidence in our ever-improving business environment.

0 Comments

*Enter your name

*2 characters minimum.

Do not change these fields following

Download our app from play store and get updates everyday for FREE. Press the button below.