Indonesia's automotive industry is currently facing significant challenges, particularly the one million trap, referring to the national car sales plateau of one million
During the Focus Group Discussion "Automotive Outlook 2024: Ending the One Million Trap , Embracing the Low-Emission Era" organized by VIVA.co.id in Jakarta, it was noted that despite this challenge, vehicle sales remain robust, especially with the industry entering the electrification era.
"Compared to G20 countries, Indonesia still has strong economic growth, second only to India and Singapore. The automotive industry has a very bright future, especially with green energy and electric vehicles," Harinowo stated.Meanwhile, Ekko Harjanto, Deputy Assistant for Industry Development at the Coordinating Ministry for Economic Affairs, outlined strategies to address the"one million trap," including luxury goods sales tax relaxation.
Additionally, the government aims to encourage the development of Low Cost Green Cars to meet the needs of the middle-to-lower income segments, expanding the consumer base for motor vehicles in Indonesia. The government is also intensifying the"Proudly Made in Indonesia" campaign to boost public preference for domestically manufactured vehicles, aiming to increase domestic sales, especially in the middle and entry-level segments.Meanwhile, Ekko Harjanto, Deputy Assistant for Industry Development at the Coordinating Ministry for Economic Affairs, outlined strategies to address the"one million trap," including luxury goods sales tax relaxation.
Bank Indonesia stated that the Consumer Price Index inflation for November 2024 remained well-maintained, supported by consistent monetary policy and strengthe Bank Indonesia stated that the Consumer Price Index inflation for November 2024 remained well-maintained, supported by consistent monetary policy and strengthe
Automotive Industry Viva English Site
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