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THE INNOSON STORY

Posted by 4 years ago

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THE INNOSON STORY

• In 1978, our founder Dr. Innocent Chukwuma [OFR] discovered his natural talent as an entrepreneur in his elder brother’s medicine store (Chemist) after his Secondary School Education.

• In 1978, he became an apprentice with Chief Romanus Eze Onwuka, (Rojenny), then the biggest dealer on motorcycle spare-parts in the Nnewi Market.
• In 1979, after 6 months of apprenticeship with Rojenny, he returned to his elder brother, Chief Gabriel Chukwuma who promptly registered Gabros International Limited to trade on motorcycle spare-parts. He was given the sum of N3,000 to start, and allowed the freedom to run the business.
• In 1981, our founder launched out independently backed with the startup capital of N20,000 from his elder brother to start his own motorcycle spare-parts business.
• In 1982, Innoson Nigeria Limited was incorporated to merely sell Tyres and Motorcycle spare-parts at Nkwo Nnewi, Anambra State, Nigeria.
• In 1984, our founder ventured out to Asia in search of foreign suppliers when unfavourable economic policies from the Nigerian military hindered local suppliers from meeting the growing market demands.
• In 1987, to beat the price of Japanese motorcycles, Innoson Nigeria Limited brought in the first Jingcheng brand of motorcycles from China. Jingcheng is the direct equivalent of Suzuki from Japan and Jiachi, Chinese equivalent of Yamaha from Japan.
• In 1995, a fully automated motorcycle assembly plant was established at Nnewi, Anambra State, becoming the first fully indigenous motorcycle maker in Nigeria.
• In 2002, we launched Innoson Technical and Industrial Limited, the biggest Plastic manufacturing plant in Nigeria with over 150 product lines.
• In 2002, the Innoson group brought down the price of a brand new motorcycle from N150,000 to N60,000, and drove out tokunbo (foreign-used) motorcycles from Nigeria.
• In February 2009, the first made-in-Nigeria vehicle emerged! Under another subsidiary, Innoson Vehicle manufacturing Company Ltd. (IVM) the dream became a reality at Nnewi.
www.InnosonMotors.com

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