Innoson Motors Price List (May 2024)

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Innoson Motors, established in 2007, has become a household name in Nigeria and across Africa. This Nigerian automobile manufacturer has gained popularity by producing affordable and durable vehicles tailored for the challenging Nigerian terrain.

The only local automobile manufacturers in Nigeria are Nord Motors and Innoson Motors; you may want to check out Nord Motors Prices in Nigeria.

Offering a diverse range of vehicle models, Innoson Motors has become a go-to choice for individuals and corporate organizations alike. In this article, we will delve into the Innoson Motors price list, highlighting some of their popular models and the factors that influence their prices.

Popular Innoson Motors Models

Innoson Motors offers a variety of vehicle models, each designed to cater to different needs and preferences. Let’s take a closer look at some of their popular models and their respective prices:

1. Innoson IVM 3016 SUV

  • Price: N8.8 million
  • Specifications:
    • Engine: 2.0L, 139 horsepower, 178 Nm of torque
    • Seating capacity: Five
    • Features: Air conditioning, power steering, power windows, touchscreen infotainment system

2. Innoson IVM 5000 Luxury SUV

  • Price: N27.3 million
  • Specifications:
    • Engine: 4.0L V6, 320 horsepower, 480 Nm of torque
    • Seating capacity: Seven
    • Features: Leather seats, air conditioning, power steering, power windows, touchscreen infotainment system

3. Innoson IVM G20

  • Price: N6.3 million
  • Specifications:
    • Engine: 1.5L, 109 horsepower, 141 Nm of torque
    • Seating capacity: Five
    • Features: Air conditioning, power steering, power windows, touchscreen infotainment system

4. Innoson IVM Seriki

  • Price: N7.9 million
  • Specifications:
    • Engine: 1.8L, 132 horsepower, 172 Nm of torque
    • Seating capacity: Five
    • Features: Air conditioning, power steering, power windows, touchscreen infotainment system

5. Innoson IVM Carrier

  • Price: N9.3 million
  • Specifications:
    • Engine: 2.7L, 164 horsepower, 245 Nm of torque
    • Seating capacity: Two
    • Features: Air conditioning, power steering, power windows, touchscreen infotainment system

6. Innoson IVM G80

  • Price: N18.8 million
  • Specifications:
    • Engine: 2.4L, 170 horsepower, 225 Nm of torque
    • Seating capacity: Five
    • Features: Leather seats, air conditioning, power steering, power windows, touchscreen infotainment system

7. Innoson IVM Fox

  • Price: N5.5 million
  • Specifications:
    • Engine: 1.5L, 109 horsepower, 141 Nm of torque
    • Seating capacity: Five
    • Features: Air conditioning, power steering, power windows, touchscreen infotainment system

8. Innoson IVM Ikenga

  • Price: N7.6 million
  • Specifications:
    • Engine: 2.0L, 139 horsepower, 178 Nm of torque
    • Seating capacity: Five
    • Features: Air conditioning, power steering, power windows, touchscreen infotainment system
Innoson Motors Price List

Innoson Motors Price List

Here is a summarized price list for some of the popular Innoson Motors models:

ModelPrice (Nigerian Naira)
Innoson IVM 3016 SUVN8.8 million
Innoson IVM 5000 Luxury SUVN27.3 million
Innoson IVM G20N6.3 million
Innoson IVM SerikiN7.9 million
Innoson IVM CarrierN9.3 million
Innoson IVM G80N18.8 million
Innoson IVM FoxN5.5 million
Innoson IVM IkengaN7.6 million

Please note that these prices are subject to change and may vary based on factors such as location, customization options, and prevailing market conditions.

Factors Influencing Innoson Motors Prices

Several factors influence the prices of Innoson Motors vehicles:

1. Production Costs: The cost of producing each vehicle model plays a significant role in determining its price. Factors such as the cost of raw materials, labor, and overhead expenses all contribute to the final pricing.

2. Technology and Features: Innoson Motors incorporates cutting-edge technology into its vehicles. Models with advanced features such as touchscreen infotainment systems, rearview cameras, and automated driving systems tend to be priced higher due to the technology investments.

3. Market Demand: Market demand plays a pivotal role in pricing. If a particular vehicle model experiences high demand, prices may increase due to the basic economic principle of supply and demand.

4. Government Policies: Government policies, including taxes and import tariffs, can impact vehicle prices. Changes in taxation can lead to fluctuations in the final cost to consumers.

Benefits of Innoson Motors

Innoson Motors offers several advantages to consumers and the Nigerian economy:

  1. Affordability: Innoson Motors manufactures affordable vehicles, making them accessible to Nigeria’s low and middle-income earners.
  2. Durability: Innoson Motors vehicles are designed to withstand Nigeria’s challenging terrain, ensuring long-lasting performance and reliability.
  3. Local Manufacturing: All Innoson Motors vehicles are proudly made in Nigeria, contributing to job creation and economic development in the country.
  4. After-Sales Support: Innoson Motors provides effective after-sales services, including maintenance, repairs, and spare part replacement, ensuring a satisfying ownership experience.

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Conclusion

Innoson Motors has emerged as a prominent player in the Nigerian automotive industry, offering a diverse range of affordable and reliable vehicle models. The price list provided showcases some of the popular Innoson Motors models, each catering to distinct needs and preferences. Understanding the factors that influence vehicle prices, including production costs, technology, market demand, and government policies, helps consumers make informed choices.

Innoson Motors’ commitment to affordability, durability, and local manufacturing has not only made quality vehicles accessible to a wide range of consumers but has also contributed to the growth of the Nigerian economy. As the automotive landscape continues to evolve, Innoson Motors remains a key player in providing dependable transportation solutions for Nigeria and beyond.

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