Automotive Industry: Indonesia’s Car Market Accelerates in Q1-2017 | Indonesia Investments


The production of cars in Indonesia rose 11.97 percent year-on-year (y/y) to 319,241 units in the first quarter of 2017, a significant increase that indicates the economy is improving. Meanwhile, local manufacturers are convinced the low cost green car vehicle will continue to boost sales and strengthen the competitiveness of Indonesia’s automotive industry.

Kukuh Kumara, General Secretary at Gaikindo, said rising production of cars in Indonesia in the first quarter of 2017 is a sign that the economy is improving. Increasing production is triggered by growing car sales, both on the domestic market of Indonesia and in export markets.

The Industry Ministry of Indonesia is optimistic that the domestic automotive industry will manufacture a total of 2.5 million car units in 2020.

Source: Automotive Industry: Indonesia’s Car Market Accelerates in Q1-2017 | Indonesia Investments

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