Indonesia Car Industry Revving Up to Take the Lead
Bareksa • 24 Jun 2014
A prospective buyer looks at cars at a car showroom in Jakarta. (The Jakarta Globe/Bay Ismoyo)
Indonesia exported 170,907 completely built units (CBU)
Bareksa.com - As quoted from The Jakarta Globe, Indonesia’s growing middle-class, the removal of tariff barriers ahead of the Asean Economic Community in 2015 and the exit of Australia’s last car manufacturer from the country are some of the windows of opportunities seen as available to the country’s expanding automotive industry.
In the three years leading to 2013, a total of $6.5 billion was invested in Indonesia’s automotive sector, increasing the number of workers in the industry to 1.32 million from 715,000. The significant boost gave Indonesia the confidence to try and catch up to Thailand, Southeast Asia’s biggest car market and producer, whose leading position was under threat due to domestic political instability.