Automotive Business

Thirdly, the Indonesian authorities is eagerly making an attempt to hurry up infrastructure improvement across the Indonesian nation. When these LCGC vehicles were launched they, usually, had a price tag of around IDR a hundred million (approx. USD $7,500) hence being engaging for the nation’s large and increasing center class segment. By early the average price of the LCGC had risen to around IDR a hundred and forty million (approx. USD $10,500) per automobile. With the implementation of the ASEAN Economic Community firstly of 2016, the Indonesian government also aims to make Indonesia the regional hub for the manufacturing of LCGCs. Per 2017 Indonesia’s complete installed automobile production capacity stands at 2.2 million units per 12 months.

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