FEATURED STORY

Kenya’s Mobius Drives Into Tanzania, Uganda

Share
The Mobius 3 features a 4-cylinder, inline engine with capacity of 2000cc. [Photo/ Mobius Motors]
The Mobius 3 features a 4-cylinder, inline engine with capacity of 2000cc. [Photo/ Mobius Motors]
Share

Kenya’s first homegrown SUV manufacturer Mobius Motors is reportedly plotting an entry into Uganda and Tanzania as it looks to capture market share across East Africa.

The firm produces vehicles designed for Africa and its terrain, while also offering style and functionality. In 2021, it unveiled a new start-to-finish assembly line in Nairobi seen as an integral part of the company’s plan to produce mass market vehicles for Africa.

The firm launched its new generation SUV, the Mobius 3, in August 2021. It is an upgrade on the earlier bare-bones design, offering more in the way of aesthetics, design, tech and functionality.

The Mobius 3 costs Ksh3.9 million. It received great auto industry reviews at the time of its launch.

Mobius Motors hopes its affordable SUVs will be able to compete with imports from Japan, the UK and elsewhere which currently dominate the market in Kenya. Their hopes are boosted by the fact that prices of imported second-hand cars have been on the rise.

READ>>Exclusive Details of New Ksh3.9M Mobius 3 Revealed

Over the past six months, second-hand car prices are up 37%. The increase has been fueled by multiple factors including the global semiconductor shortage and other biting  raw material shortages that have seen major car manufacturers scale down production of new vehicles.

This has led to more purchases of second-hand cars in markets where Kenya imports its used cars from, such as Japan and the UK.

Mobius is backed by a number of institutional investors, including the United States Overseas Private Investment Corporation (OPIC) which put in Ksh500 million in 2018 for the new plant.

The firm wants to ramp up production in 2022 as it looks to meet demand for locally produced or assembled vehicles.

The Mobius 3 features a 4-cylinder, inline engine with capacity of 2000cc. It includes 6-speed automatic transmission, 4 Wheel Drive, power steering rack and safety features including Dual Airbags, ABS and EBD.

READ>>Inside Mobius Motors’ New Factory in Nairobi [PHOTOS]

 

 

Written by
MARTIN SIELE -

Martin K.N Siele is the Content Lead at Business Today. He is also a Quartz contributor and a 2021 Baraza Media Lab-Fringe Graph Data Storytelling Fellow. Passionate about digital media, sports and entertainment, Siele also founded Loud.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Nation media group nation centre -
BUSINESSMEDIANEWS

Nation Media Group bought by Tanzanian Tycoon in New Ownership Deal

Nation Media Group(NMG) has been acquired by Rostam Azizi, a Tanzanian tycoon,...

Kenya Pipeline Company shares traded above IPO price on day one at the NSE
BUSINESSENERGYFEATURED STORYNEWS

Kenya Pipeline Company Shares Trade Above IPO Price on Debut at NSE

Kenya Pipeline Company Shares have officially began trading on the Nairobi Securities...

US Israel war with Iran
AVIATIONFEATURED STORY

Kenya: How the Middle East Conflict Will Affect You

Kenya relies on the Middle East for fuel supply, with close to...

JetBlue Carrier
AVIATIONBUSINESSECONOMYFEATURED STORY

Kenya Airways in Codeshare Deal with JetBlue to Strengthen North America Connectivity

Kenya Airways has signed a unilateral codeshare partnership with US-based carrier -JetBlue,...