Nairobi Yaris reveal raises Safari excitement
Kenyan fans enjoyed their first glimpse of a modern World Rally Car in almost two decades today when Toyota Kenya unveiled a replica of the Japanese manufacturer’s 2019 WRC title-winning Yaris in Nairobi.
The car will be displayed at Toyota Kenya’s city showroom during the build-up to Safari Rally Kenya’s (24 - 27 June) WRC return after an 18-year absence.
Toyota is the most successful manufacturer in the Safari’s WRC history with seven wins in a golden period between 1984 and 1994. Björn Waldegård claimed its first success in 1984 in a Celica TC Turbo with Juha Kankkunen, Carlos Sainz and Ian Duncan also victorious.
Toyota Kenya launches the Urban Cruiser in the Kenyan market
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Motor distributor Toyota Kenya has launched the Urban Cruiser in the Kenyan market, the latest SUV in the Toyota Kenya product line-up. The Urban Cruiser will start retailing from Ksh. 2.7 million inclusive of VAT.
Toyota Kenya Managing Director, Arvinder Reel said the Urban Cruiser, embodies Toyota’s quality, durability, and reliability promise, with the vehicle designed for customers looking for SUV comfort, latest technology at an affordable price point.
“Toyota Kenya has always operated on the premise of giving our customers the best. And we as continue growing our small car segment offering, we continue introducing new and innovative products that offer value for money and will see more Kenyans drive brand-new vehicles,” said Mr. Reel.
Vehicle assemblers raise output 50 percent in Q1
Summary
Data from the Kenya Motor Industry Association (KMI) shows that the formal dealers including Isuzu East Africa, Toyota Kenya and DT Dobie assembled a total of 1,979 units in the review period compared to 1,319 units a year earlier.
Overall new vehicle sales stood at 2,867 in the review period, with an increasingly larger share of them being put together locally, led by trucks.
Tuesday April 20 2021
Workers at the Isuzu East Africa Vehicle Assembly plant on Mombasa Road during December 2018 media tour. PHOTO | DIANA NGILA | NMG
By VICTOR JUMA
Summary
Data from the Kenya Motor Industry Association (KMI) shows that the formal dealers including Isuzu East Africa, Toyota Kenya and DT Dobie assembled a total of 1,979 units in the review period compared to 1,319 units a year earlier.
Gulf African Bank offers car financing to customers in partnership with Toyota Kenya
Gulf African Bank has partnered with Toyota Kenya to enable its customers get loans to buy cars.
The bank’s corporate and SME customers will now get loans to purchase Hino trucks and buses, and Hilux single and double cab pick-ups. The strategic financing partnership aims at enabling purchases through diminishing Musharakah-based vehicle financing.
Under the Shariah financing model, both the bank and the customer contribute to the purchase of the vehicle creating co-ownership, where Gulf African Bank will extend financing up to 95% of the value of the unit. This arrangement will be repayable by the customer within a period of 60 months.
Gulf African Bank partners with Toyota Kenya to enable clients buy cars with loans of up to 95%
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Premier Shariah compliant bank, Gulf African Bank and Toyota Kenya have entered into a strategic financing partnership that will enable the bank’s Corporate and SME customers purchase Hino trucks and buses, and Hilux single and double cab pick-ups through diminishing Musharakah-based vehicle financing.
Under the Shariah financing model, the bank and the customer both contribute to the purchase of the vehicle creating co-ownership, where Gulf African Bank will extend financing up to 95% of the value of the unit, repayable by the customer within a period of 60 months.