CFAO: Sales of Suzuki cars in Nigeria: Subsidiary of CFAO Toyota Tsusho
Lagos
December 04, 2019
A subsidiary of Toyota Tsusho: CFAO
In 2018, it became an official dealer of Suzuki cars in Nigeria.
The first dealership is officially opened on November 21, 2019 in Lagos.
All vehicles are imported and sold.
Sales: Lineup
“ALTO800” (displacement 800cc): Suggested retail price is 3.6 million naira (1,080,000 yen, 1 naira = about 0.3 yen)
Small sedan: “Dzire” (1200cc) is 5.85 million naira,
Small hatchback: “Swift” (1200cc) is 6.9 million naira,
Small sedan: “Ciaz” (1500cc) is 8.9 million Naira,
Small SUV: “Vitara” (Japanese name “Escudo”) is 9.9 million Naira (1600cc)
CFAO services:
3 years after purchase or 100,000 km warranty, you can replace with genuine spare parts at the time of repair.
Toyota Tsusho acquired a majority stake in CFAO in 2012. It became the parent company of CFAO and became a wholly owned subsidiary in 2016.
Suzuki Multi:
The Nigerian market, which is the fastest growing in the world, cannot be removed.
I want to dig into the market with a combination of Japan and India (Maruti Suzuki) (production technology, sales method).
-JETRO
https://www.jetro.go.jp/biznews/2019/12/eeb5a6bb7c8c43f9.html