The automotive sector is an important pillar of domestic manufacturing, supported by increasing foreign direct investment. In 2016 vehicle production totalled a little less than 1.2m units, of which 20% were CVs, according to the Indonesian Automotive Industry Association (Gaikindo).
After falling sharply in 2015, car sales rebounded in 2016, rising by 17% year on year. Although a tax amnesty has diverted money away from larger cars, sales of low-cost green cars (LCGS), which are supported by government subsidies, have been particularly strong. The Economist Intelligence Unit expects another strong year for cars in 2017, to be followed by a dip in 2018 and steady growth in the remaining three years of our five-year forecast period, bringing the compound annual growth rate (CAGR) to 3.7% in 2017-21.
Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Automotive report: Overview
Automotive report: Passenger cars
Automotive report: Commercial and other vehicles
Automotive report: Production
Automotive report: Fuel sources