Automotive Manufacturing Trade Indonesia Car Gross SalesDec 07 2023 News
However, because of fierce competitors within the home car market not at all times have manufacturers and retailers been capable of pass these costs on to end-users. The LCGC has turn out to be a very popular automobile in Indonesia and now contributes practically 25 % to total domestic car sales. Considering the nation’s per capita GDP continues to be below USD $4,000, affordability is mostly the most important factor for Indonesian customers when buying a automotive, and this would clarify consumers’ shift to the LCGC.
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The government set several phrases and conditions for the manufacturing of LCGCs. For instance, fuel consumption is required to be set at least 20 kilometers per liter while the automotive must consist – for eighty five % – of locally manufactured parts . In exchange, the LCGCs are exempted from luxury items tax, which permits manufacturers and …Read More