Indonesia’s automotive industry is expanding again, as latest sales of cars and motorcycles prove.
Data released by the Association of Indonesian Automotive Industries (Gaikindo) showed Car sales in Indonesia were up 18 percent in December from a year earlier. In December, automakers sold 86,573 vehicles. Thus, in sum there were about 1.1 million cars were sold in 2016.
Moreover, domestic motorcycle sales rose by 14 percent in January from the same month last year, boosted by demand from islands outside Java, where household income was on the rise thanks to recovery in global commodities price and government infrastructure spending. The manufacturers under Indonesian Motorcycle Industry Association (AISI) sold 473,879 motorcycles last month, compared to 416,263 in the same month a year ago, the association's data showed.
For motorcycles, Honda Motor remains the market leader in Indonesia, with 78 percent market share last month. Yamaha was distant second with 20 percent market share, followed by Kawasaki at 1.6 percent, Suzuki and TVS. "Seeing the sales in January 2017, we are optimistic that they can grow 5 percent this year. Last year 5.9 million units were sold," said Gunadi.