CFAO eyes electric vehicle market as it rebrands - Capital Business
Connect with us

Hi, what are you looking for?

Kenya

CFAO eyes electric vehicle market as it rebrands

NAIROBI, Kenya, July 8 – Motor vehicle dealer CFAO Mobility Kenya plans to expand its business portfolio to include the sale of electric vehicles (EVs), whose adoption is growing.

The firm’s managing director, Arvinder Reel, announced that the company will soon introduce its EVs.

Demand for EVs in Kenya has been rising in recent years as the push for a clean transportation system grows.

“This new identity as CFAO Mobility Kenya allows us to roll out relevant mobility solutions across our customer segments while optimizing our operations across all our divisions to ensure we deliver value for our customers,” Reel said.

“The adoption of CFAO Mobility Kenya identity is also a renewed commitment by our staff and operating partners towards delivering exceptional client experience.”

Reel spoke while unveiling the firm’s new identity from CFAO Motor Kenya to CFAO Mobility Kenya as part of the firm’s target to grow market share as well as diversify its business line, including pre-owned vehicle sales, independent quick-fix auto service outlets, and vehicle spares sales.

CFAO Mobility Kenya, a subsidiary of the international business services firm Corporation for Africa and Overseas (CFAO Group), is the authorized distributor and service provider of Toyota, Yamaha motorcycles, Volkswagen, Suzuki, Mercedes-Benz passenger cars, trucks, and buses, Hino, Hyundai light trucks, and Sinotruk (HOWO).

It also has a network of 42 branches, dealers, and authorized service centers across the country.

Data from the Kenya Motor Industry (KMI) confirmed the firm’s dominance in the general segment, excluding the trucks—medium and large buses—with a 59 percent share.

CFAO Mobility Kenya enjoyed a 32 percent market share, up from 28 percent registered in 2022, with total sales of 3,639 vehicles across its Toyota, Suzuki, Hino, VW, Mercedes Benz, Hyundai, and Sinotruk portfolio.

Visited 23 times, 1 visit(s) today

More on Capital Business

World

MAR 23 – When Ruth Gonzalez decided to start taking the weight-loss medicine Zepbound last year, she first had to find a way to...

Opinion

By Irene Kinyanjui Click here to connect with us on WhatsApp NAIROBI, Kenya, Feb 24 – For years, Kenya’s real estate sector has been...

Agriculture

The firm said the global venom extracts market, valued at $438 million in 2026, is projected to grow to $726 million by 2036, presenting...

Technology

DEC 16 – Ford is backing away from plans to manufacture large electric vehicles, the US carmaker said on Monday, citing lacklustre demand and...

Kenya

NAIROBI, Kenya, Nov 26 – The Government has been urged to reform the fertilizer subsidy programme to give farmers more freedom to choose products...

Kenya

NAIROBI, Kenya, Nov 24 – Kenyan agricultural produce and beef will now access the Malaysian market duty-free, thanks to an agreement reached between President...

Top Story

NAIROBI, Kenya, Nov 8 – Chinese carmaker Jetour has officially debuted in the Kenyan market with a range of four mid-SUV models, targeting the...

World

Click here to connect with us on WhatsApp ISTANBUL, Oct. 31 (Xinhua) — Excluding Russian liquefied natural gas (LNG) from the global gas balance...