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Indonesia rides its way to being next auto hub

Bareksa14 April 2014
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Indonesia rides its way to being next auto hub
Ratusan mobil diparkir di terminal car port, di kawasan Jakarta Utara (ANTARA FOTO/Fanny Octavianus)

Car sales expanded higher than expected in the first quarter of this year to 328,254 units

The Jakarta Post - Indonesia, driven by its growing car market, looks to be heading toward becoming an important automobile-production hub, not only for its own market, but also for other developing countries.

Despite higher interest rates and surging production costs, car sales expanded higher than expected in the first quarter of this year to 328,254 units, a 10.93 percent year-on-year increase, according to the Association of Indonesian Automotive Manufacturers (Gaikindo).

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Indonesia rides its way to being next auto hub

Indonesia rides its way to being next auto hub

Car sales expanded higher than expected in the first quarter of this year to 328,254 units

Bareksa