Innoson Vehicle Manufacturing (IVM) is Nigeria’s first indigenous car manufacturer, producing cars, SUVs, buses, pickups, and electric vehicles. Their prices are much higher than transport companies because they are brand-new vehicles (not passenger fares).
Prices vary based on model, engine type, trim level, and dealership location.
💰 Innoson Motors Price List (2026 Estimated)
🚙 Popular Car Models
- IVM Connect (Sedan/SUV variant): ₦9.8M – ₦18M
- IVM G20 Smart (7-seater MPV): ₦9M – ₦14M
- IVM Ikenga SUV: ₦14M – ₦16M
- IVM Caris (Premium SUV): ₦16M – ₦18M+
- IVM G5 SUV: from about ₦6.3M (older/entry models)
🚐 Buses & Commercial Vehicles
- IVM 6800 Bus: ₦10M – ₦34M depending on year/spec
- IVM City Bus / Shuttle models: ₦20M – ₦30M+
- IVM Pickups (Carrier/Granite): ₦9M – ₦25M
⚡ Electric Vehicles
- IVM Electric Car (EX01 / EX02 series): ₦29M – ₦42M+
📌 Important Notes
- Innoson prices vary by dealership, location, and import components (engine parts, electronics, etc.)
- Prices in 2026 are affected by exchange rate and production cost
- Some models have limited availability or are built on order
💡 Final Thoughts
Innoson Motors offers a range of affordable-to-premium Nigerian-made vehicles, starting from about ₦6M for older models up to ₦40M+ for SUVs and electric cars. It is one of the strongest local alternatives to imported cars in Nigeria.
