Automotive Manufacturing Business Indonesia Car Sales
Per 2017 Indonesia’s total put in car manufacturing capacity stands at 2.2 million models per year. Still, there are no main issues about this situation as home automobile demand has ample room for growth in the a long time to come with Indonesia’s per capita car ownership still at a really low level. When these LCGC vehicles have been introduced they, typically, had a price ticket of round IDR a hundred million (approx. USD $7,500) hence being attractive for the country’s giant and increasing center class phase. By early the common value of the LCGC had risen to round IDR 140 million (approx. USD $10,500) per car. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian government also goals to make Indonesia the regional hub for the production of LCGCs. This correlation between domestic car gross sales and financial growth is clearly seen within …
