Govt plans to introduce vehicle policy which could see importation of Japanese secondhand cars banned

Industry Minister Dr Mike Bimha said that investors have been reluctant to invest in the motor industry owing to ambiguities related to policy on the importation of second hand vehicles. He said that several investors had indicated willingness to invest in the sector, but remained on the sidelines owing to the absence of a motor vehicle policy. Bimha indicated that the introduction of the policy might affect the importation of secondhand Japanese cars.

Said Bimha:

We have many investors willing to invest in motor vehicle manufacturing and assembly in it’s various forms but they have been unable to do so because we do not have a motor vehicle policy in place. Investors would like to know if there are any guarantees that they will have a market, because if we are to continue importing vehicles say from Japan, there is need to come up with an acceptable arrangement that guarantees return on investment. The industry is capital intensive.

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