PAN Nigeria Limited was incorporated i n 1972 to assemble completely knocked down component parts Of a selected range Of PEUGEOT brand of cars for the local market.
Operations commenced at its Kaduna, Nigeria plant in 1975 and rapidly became the car producer of choice among the burgeoning working class, Who found the cars durable and well adapted to the country's tropical conditions. Very quickly, it commanded domineering position, controlling most of the market share in Nigeria.
Between 1975 and 1986, PAN produced the 404 Salon alongside the 504 models. The 504 Ambulance was introduced, while the J5 and Boxerfollowed two years later. The first series Of the 505 followed and was replaced With the 505 evolution in year 2000. Other models came in quick succession between 1995 and 2008 including the 306, 406 and 307 Sedan respectively. In July 2014, the 301 was launched, followed by the 508 in December 2015.
Inspire Auto Services Ltd is an authorized partner Of Peugeot Automobile Of Nigeria, PAN for the sales and maintenance of Peugeot cars. Following the hike in foreign exchange rate with the Naira leading to devaluation of Nigerian currency, the influx Of foreign made brands Of vehicles has dropped drastically. This is because Of the very high cost of imports wh ich has doubled in ta ndem foreign excha nge hike. With an assembly plant in Kaduna State, Peugeot cars which are made in Nigeria are now in pole position to dominate the market. With low tariff in SKD and CKD, Peugeot can deliver vehicles to the market at very reasonable prices compared to the Eu ropean, American and Asian imports.
Another advantage of Peugeot is that it is produced under very exacting European standards and conditions, therefore they are very durable. This is in addition to the fact that Peugeot vehicles are highly fuel efficient. Furthermore, the recent executive order by the vice-president Yemi Osibanjo for local produced goods and services to receive priority in govern mentpurchases and the local content bill currently going through parliamentary procedures to give prioritization of made in Nigeria goods and services the official seal, is poised to boost the return Of Peugeot to Nigerian market.
Inspire Automotive City, IAC is positioned to drive the return of Peugeot to Nigerian markets and provide aftersa les services in its purpose built facility.
