Back to Feed

What is the current keke napep price in nigeria for a brand new TVS or Bajaj tricycle for commercial use?

I have saved up some capital and I want to buy a tricycle to give out on a hire-purchase agreement to a reliable driver in my neighborhood. This seems like a very lucrative daily income business. However, I need to know the exact keke napep price in nigeria right now for a brand new unit. The two most popular brands are TVS and Bajaj. Which of these two is stronger and has cheaper spare parts in the market? I have heard that TVS has better shock absorbers for bad roads, but Bajaj engines last longer. Could someone clarify this and tell me how much I should budget for the purchase and registration?

0 Answers
Community Answers 5 Responses

Can you help answer this?

You must be logged in to participate in the discussion.

Log in to Reply

Starting a hire-purchase business is a great idea, and knowing the current keke napep price in nigeria is the first step. For a brand new tricycle directly from a major dealer, you should budget between 1.6 Million and 1.9 Million Naira. The price has surged drastically recently due to inflation and import duties. Regarding the brands: Bajaj (specifically the RE 4S model) is the absolute market leader. Mechanics love it because the engine is incredibly simple to fix, and spare parts are sold on literally every street corner in Nigeria. TVS (the King model) is the strongest competitor. You are correct in your assessment; TVS tricycles have slightly larger cabins, better rear shock absorbers, and offer a much smoother ride for passengers over terrible potholes.

When calculating your return on investment alongside the keke napep price in nigeria, you must look at the durability of the engine. The Bajaj engine block is famous for being able to withstand severe abuse from reckless drivers and missed oil changes. A Bajaj will keep running even when smoking heavily, whereas a TVS engine requires more meticulous maintenance. For a hire-purchase agreement where the driver will abuse the machine to meet daily delivery targets, Bajaj is the safer financial investment. You must also budget an additional 50,000 to 80,000 Naira for local government registration, commercial painting (yellow in Lagos, for example), and the mandatory union/park registration fees before the tricycle is allowed to pick up a single passenger.

I currently have three Bajaj tricycles on hire-purchase. Do not give the tricycle out without installing a hidden GPS tracker. Some drivers will run away with your 1.8 Million Naira investment to another state overnight.

TVS is great for personal use or if the owner is the one driving it. But if you are giving it to a hired rider, buy Bajaj. The riders know how to maneuver the Bajaj better in tight traffic because the turning radius is sharper.

Make sure the hire-purchase agreement is signed in the presence of a lawyer and a guarantor who owns a verifiable property. The standard delivery rate in Lagos is about 25,000 to 30,000 Naira weekly for 18 months.