Indonesia rides its way to being next auto hub
Bareksa • 14 Apr 2014
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).