VON hails Tinubu’s investment mission in India

VON Automobile Nigeria, a subsidiary of Stallion Group and maker of Ashok Leyland buses, has expressed its support for President Bola Tinubu’s ongoing investment mission in India.

The initiative coincides with the 2023 G20 Summit taking place from September 9 and 10.

The company’s Managing Director, Dr Harpreet Singh, commended Tinubu’s efforts and highlighted prospects of the visit.

Tinubu’s meeting with the Chairman and Chief Executive Officer, Hinduja Group of Companies, Gopichand Hinduja, a conglomerate with a total asset portfolio exceeding $100 billion, led to the signing of a memorandum of understanding (MOU) for further investment in Nigeria’s automobile industry.

Hinduja pledged a multi-billion-dollar investment and expressed his commitment to bus and automobile manufacturing in Nigeria.

Singh expressed confidence that Tinubu’s administration would prioritise the nation’s automobile industry.

He stated that VON Automobile, a leading automobile assembler since 2013, remains dedicated to supporting the government’s push for a clean and eco-friendly environment with mass transit buses running on clean and affordable energy sources.

He said the company is currently modifying its locally assembled mass transit buses to run on compressed natural gas (CNG) and electric power.