Marathon Motor Engineering is set to inaugurate two facilities in Addis Ababa and Hawassa with an overall investment of over 117 million birr. The facility located in Addis Ababa is a six storey building that includes a mega show room, a service center and a training center, among other things.
“We have invested nearly 80 million birr on this facility and we did this so that we are able to provide a top standard professional service to our clients,” said Melkamu Assefa, CEO and Managing Director of Marathon Motor Engineering Plc.
The Hawassa facility, built with an investment of over 37 million birr, is also equipped with a service center for trucks and buses, as well as a technical training center.
Both facilities will be officially inaugurated on May 22, 2016.
“We are going to have high-level officials from Ethiopia as well as from Korea in attendance at the inauguration,” Melkamu also said.
Besides the two facilities, Marathon Motor Engineering also revealed that it is in the process of acquiring land from the Addis Ababa City Administration to establish an assembly plant for Hyundai automobiles.
“We have already secured a license of half a billion birr. We are only waiting for land approval by the City Administration. That is the only thing we are waiting for,” Melkamu stated.
According to him, the assembly plant, which is expected to go operational within the next two years, will have the capacity to assemble 1000 to 1500 automobiles in the first year.
“We will not be producing all models; there are specific ones we are focusing on. When vehicles are manufactured, there are continent based specifications. Different things are taken into consideration,” Melakmu underlined.
Once the assembly plant goes operational, the price of Hyundai automobiles is expected to become more affordable, compared to the current situation.
“I believe it will have a substantial effect on the price, so much that it might shift the tendency to buy used cars, as it is the common practice currently. Of course, Hyundai is an elite brand and we cannot be expected to sell the cars at the same price of the Chinese cars assembled here. But there will be a difference,” Melkamu said.