Top 10 Best Automobile Companies In Nigeria

There are many awesome and trustworthy companies in Nigeria. If you would like to buy a brand new sedan, SUV, Jeep, or any kind of 4-wheeled vehicle and their spare parts in Nigeria, this article is for you.

How Automobile Industries Started In Nigeria 

The Nigerian automobile industry is split into two parts which are the “Brand New” and “Foreign/Nigerian used”. 

This means that used cars constitute a major portion of the total imports. The new cars’ profit margins are taken off by ever-increasing grey imports and the inability of major Nigerians to buy new vehicles from authorized Nigerian car brands because they are way more expensive.

The automobile industry in Nigeria began to be relevant in the early 1960s. As at that time, private companies led to the establishment of local automobile assembly plants. They combine completely or partially knocked-down vehicle parts and ten years later, the federal government got involved in the local automobile production, having reached agreements with automobile manufacturers in Europe. On a normal basis, installed Nigerian automobile plants should produce 108,000 cars, 56,000 commercial vehicles, 10,000 tractors, 1,000,000 motorcycles, and 1,000,000 bicycles yearly.

From the industrial activities, 300,000 jobs were estimated to tackle unemployment, provided the manufacturing companies work at maximum capacity but Nigeria grew to depend solely on the oil market in the late 1970s. Because of this, importation became so easy that local vehicle manufacturing companies in Nigeria faced high production costs. 

Over time, vehicle production reduced to a mere 10% and in a bid to ensure the automobile industry in Nigeria does not die, the government introduced several importation policies. The National Automotive Council (NAC) was founded to ensure the survival and growth of the industry. Since local, human, and material resources are available, the industry continues to thrive through the struggles.

Today, the potential of the automobile industry in Nigeria is looking very strong, though the production costs are very unbearable and output is minimal due to automobile competitors and importers from abroad. 

Car dealers in Nigeria never gave up, and till now, the industry keeps making slow but steady progress. Some of them deal in manufacturing importation while others focus on assembling or sales of automobile spare parts.

Ten Best Automobile Companies In Nigeria 

This is a list of the top ten automobile companies in Nigeria. There is also vital information you should have about them in case you would, later on, have anything to do with your vehicle. From address to contact details and their emails, every part of this article offers you well-researched information.

Finding the right vehicles to buy can be tasking and stressful because if you are not careful, you could be sold substandard products or inflated car prices. That is why it is necessary you do your due diligence by first researching the top best automobile companies in Nigeria. They include;

Innoson Vehicle Manufacturing Company

Innoson Vehicle Manufacturing (IVM) Company has to be the first on this list because it is the first automobile brand in Africa. It was commissioned by Ex-President Goodluck Ebele Jonathan at Nnewi and founded by Mr Innocent Chukwuma, Officer of the Order of the Niger (OON).

IVM is one of the best automobile companies in Nigeria. Its aim is to produce lasting and affordable automobiles for Africans and to eliminate the importation of foreign used cars (also known as Tokunbo) into the country.

You can find their office at 95, Owerri Road, Nnewi, Anambra State Nigeria or contact them on 

Massilia Motors

Massilia Motors Ltd, popularly known as Mitsubishi Motors, provides Nigerians with Mitsubishi products ranging from cars, SUVs, pick-ups, and spare parts.

The company is a joint venture between the CFAO and CHANRAI Groups and it aims to become one of the leading automobile industries in Nigeria.

Their office address is: 4A Ijora Road Causeway, Ijora Lagos Nigeria, Lagos Nigeria

IMC (Steyr Motors)

IMC or Steyr Motors assembles and manufactures motor vehicles in Nigeria was founded by Charles Ekundayo. The company is known for producing reliable, durable, and strong engines for vehicles including commercial, military, and marine applications.

IMC/Steyr Motors is recognized among vehicle operators around the world. Their office address is 1, Harbour Road, Apapa, Lagos Nigeria.

Perfection Motor Co, Ltd

Perfection Motor Co, Ltd was founded in 2013, is one of the best automobile companies in Nigeria. It was founded in collaboration with FAW China. The company was granted the right to market heavy-duty trucks in Nigeria in the same year.

The company plans to extend into other parts of Nigeria like Abuja, Kano, Kaduna, and Portharcourt in the future. Their office address is 3, Oluwole Avenue, Industrial Estate, Ikeja, Lagos, Nigeria

Peugeot Automobile Nigeria Limited

Peugeot Automobile Nigeria Limited was an idea that started with the Federal Military Government of General Yakubu Gowon in 1969. Nigeria formed a joint venture with Peugeot Automobile France which was already approved for production on May 7, 1971, and was later incorporated on December 15, 1972. After 27 months, the assembly plant in Kaduna was commissioned on March 11, 1975. They provide cars and commercial vehicles.

Proforcedefence Limited

Proforcedefence Limited deals with mainly the manufacturing of armoured vehicles for defence. Their company was established in 2008. Since then, the group’s target has been to produce automobiles to offer defence solutions for Nigerians.

Proforce Limited developed a lively market for security and protection products within Nigeria and Africa. With time, it gained expertise and technical know-how which helped it produce armoured vehicles for the government, communities, and Private sectors in Nigeria and Africa.

Monaplex Industries Nigeria Limited

Monaplex Industries Nigeria Limited is one of the leading companies in the plastic industry. They produce over 500 automotive spare parts in Nigeria. Their products are sold in different African countries.

Monaplex has been in the manufacturing industry for over 40 years and has gained wide acceptance and customers across Africa. Their office address is Km 16, 381/383, Ikorodu Road, Ojota, Lagos

Brightcloud Automobile Limited

Bright cloud Automobile Limited is an automobile manufacturing company that produces carbon-neutral vehicles. Their view is to fight global warming. This is why their vehicles are structured to emit CO2 gases.

They produce electric vehicles and bikes, and solar panels among other automobiles. Their office is located at 33 Agboola Street Surulere Extension, Ijeshatedo, Lagos state Nigeria.

Oluyole Automobiles

Oluyole Automobiles provides spare parts for car brands like Nissan, Toyota, and Honda. The company also imports tokunbo cars and trucks, Haulage for sales. So if you are looking for any of these products or parts, Oluyole Automobiles is one of the best automobile companies in Nigeria. Their office is located at New Garage And Methodist High School, Lagos Ibadan Expressway, Ibadan Nigeria

Mayor Automobile Industries Limited

Mayor Automobile Industries Limited is a registered automobile company that deals with the importation and sales of different kinds of automobiles. The company imports and sells tokunbo vehicles and spare parts from popular automobile brands such as Kia, Toyota, Honda, BMW and Mercedes-Benz.

The company partners with auction companies in the USA and Canada. With a combined effort of experienced employees, the company is one of the best automobile companies in Nigeria. Their office is located at 1 Fiiro Road Near Cappa Bus Stop Off Agege Motor Road, Oshodi, Lagos Nigeria