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Indonesia Targeting to Produces 600,000 Electric Cars in 2030

JAKARTA (TheInsiderStories) - The Industry Ministry is targeting to produce 600,000 units of electric cars and 2.45 million units of battery-powered motorcycles in 2030, said the minister...

Indonesia Examines Tax Relaxation for Larger Type of Cars

JAKARTA (TheInsiderStories) - President Joko Widodo asked industry ministry to examine an expanding and deepening luxurious tax for motorized vehicles with cylinder more than 1,500...

Indonesian Car Sales Drops 38% in February Amidst the Low Demand

JAKARTA (TheInsiderStories) - The Association of Indonesian Automotive Industries (GAIKINDO) reported, the realization of car sales in February fell by 38.22 percent to 49,202 units...

The Japanese Automotive Giant to Invests in Indonesia

JAKARTA (TheInsiderStories) - Minister of industry, Agus Gumiwan Kartasasmita, announced Japanese automotive giant companies plans to invest in Indonesia. In the meeting with various principals in...

Mitsubishi Motors to Invests US$778M in Indonesia

JAKARTA (TheInsiderStories) — Japan’ automotive company, Mitsubishi Motors Corp., has committed to invests around Rp11.2 trillion (US$777.78 million) in Indonesia, said the minister of...

Indonesia Gives Stimulus for Property and Automotive Sectors

JAKARTA (TheInsiderStories) - Starting today, a zero percent down payment for landed house, flat, shop, and office together with automotive sectors is officially valid after Bank...

Indonesia’s Astra Businesses Hit by the Pandemic

JAKARTA (TheInsiderStories) - Conglomeration firm, PT Astra International Tbk (IDX: ASII), reported during 2020, the group businesses hit by the COVID-19 outbreak and slashed the...

Indonesian Car Sales Still Weak, Drops 34% in January

JAKARTA (TheInsiderStories) - The national car sales have not yet recovered in early 2021 showed by the association data in January the producers only sold 52,910...

Indomobil: Indonesia’s Automotive Market Rebound in 2021

JAKARTA (TheInsiderStories) - Car maker, PT Indomobil Sukses International Tbk (IDX: IMAS) believes that the Indonesian automotive sector will slowly recover starting next year...

In the Midst of Pandemic, Indonesian Car Sales Rises 15%

JAKARTA (TheInsiderStories) - In the midst of pandemic and large-scale social restrictions, the association of auto producers (GAIKINDO) reported, the national auto sales reached 43,362 units...

Peter Tanuri Sold Indomobil Shares for US$53M

JAKARTA (TheInsiderStories) - PT Bina Raya Perkasa, owned by Indonesian tycoon Pieter Tanuri, released all shares in an automotive producer, PT Indomobil Sukses Internasional...

Indonesia’s Car Sales Recovered, Rises 47% in August

JAKARTA (TheInsiderStories) - The Association of Indonesia Automotive Industries (GAIKINDO) reported the car sales in August 2020 rose 47 percent to 37,277 units from July sold...

Indonesia Prepares Stimulus for Automotive Industry

JAKARTA (TheInsiderStories) - The ministry of industry has prepared economic stimulus for automotive industry to press COVID-19 impact in Indonesia. This policy was made to maintain...

Indonesia’s Astra has Invests US$7.5B During 2019

JAKARTA (TheInsiderStories) - The conglomeration company, Astra Group, has invests US$7.5 billion during 2019, through the holding company and its subsidiary, said the director, today (02/95)....

Indonesian Car Sales Drops 10% in 2019 amid the Low Demand

JAKARTA (TheInsiderStories) - Indonesian car sales dropped 10.8 percent during 2019 amid the weak demands and other factors. The car manufacturer association (Gaikindo) reported, last year...

Profit of Indonesia Astra’s Automotive Business Drops 14%

JAKARTA (TheInsiderStories) - Profit from automotive division of Indonesian conglomeration company, PT Astra International Tbk (IDX: ASII) dropped by 14 percent to Rp6.1 trillion (US$435.71 million)...

Astra International to Spend $163M to Pay for Interim Dividend

Astra International plans to pay an interim dividend on Oct. 30

Indonesia Launches First Domestic Car “Esemka”

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo finally launched the first domestic car of Kiat Esemka' sport utility vehicle (SUV) in Boyolali Regency near his...

Indonesia’s DAMRI to Spend US$150M for Electric Cars

JAKARTA (TheInsiderStories) - Indonesia' oldest car company, Djawatan Angkoetan Motor Repoeblik Indonesian, or well-known as DAMRI prepared funds around US$150 million to replace 500 diesel buses...

President Widodo Encourages the National Automotive Industry to Innovate

JAKARTA (TheInsiderStories) - President Joko Widodo encourage the domestic auto industry to continue to work hard and spawn innovation. He hoped that the Indonesian...

Indonesia’s Montir Raises Series A Funding From East Ventures

JAKARTA (TheInsiderStories) - Montir​, an on-demand automotive service and spare part company that aims to bring car workshop to customer’s location, announced today that it...

Industry 4.0: Carry Out Effectiveness in Automotive Sector

JAKARTA (TheInsiderStories) - In the light of fourth industrial revolution era Ministry of Industry of Indonesia has laid out five sectors in which implementation of...

Indonesia’s Astra Getting More Aggressive This Year

JAKARTA (TheInsiderStories) - Indonesia's conglomeration company PT Astra International Tbk (IDX: ASII) more aggressively to expand their business and seeking various opportunity in the...

Vietnam’s Rule Hurting Indonesian Automotive Exports

JAKARTA (TheInsiderStories) - Indonesia's four-wheel car manufacturers face a menace in exports following a new regulation from Vietnam, which is poised to build its...

Financial Service Division Lifts Astra’s Net Profit

JAKARTA (TheInsiderStories) - Diversified group PT Astra International Tbk (IDX:ASII) booked net profit of Rp18.88 trillion in 2017, increased 25 per cent from Rp15.16...

Industry Review: Modest Growth Outlook in 2018 for Car Industry

JAKARTA (TheInsiderStories) - Indonesian automotive conglomerate PT Astra International Tbk (IDX:ASII) expects the automotive market to record modest growth next year, on the back...
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