It is estimated that around 65 percent of all car purchases in Indonesia are made through a loan. This correlation between domestic car sales and economic growth is clearly visible in the case of Indonesia. Between the years 2007 and 2012, the Indonesian economy grew at least 6.0 percent per year, with the exception of 2009 when GDP growth was dragged down by the global financial crisis. In the same period, Indonesian car sales climbed rapidly, but also with the exception of 2009 when a steep decline in car sales occurred.
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- Volvo makes ethically sourced supply chains possible for electric vehicles.
- Also the multipurpose vehicle , which – by far – is the most popular vehicle in Indonesia, felt the impact of the arrival of the LCGC.
- Recently, Indonesia also has set an ambitious goal to raise the market share of electric vehicles in Indonesia to 25 percent of total vehicle sales in 2030.
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Volkswagen Group holds a 37.73% stake in Scania (68.6% voting rights), a 53.7% stake in MAN SE (55.9% voting rights), Volkswagen is integrating Scania, MAN and its own truck division into one division. Renault and Nissan Motors have an alliance (Renault-Nissan Alliance) involving two global companies linked by cross-shareholding, with Renault holding 43.4% of Nissan shares, and Nissan holding 15% of (non-voting) Renault shares. Geely Holding Group holds an 8.3% stake and a 15.9% exercisable voting rights in Volvo.
Meanwhile, advanced driver-assistance systems will play a crucial role in preparing regulators, consumers, and corporations for the medium-term reality of cars taking over control from drivers. Overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. Domestically, GAIKINDO facilitates its members’ interests in relation with the Government’s policies regarding the automotive industry. This includes policies on industry and trade, energy, tax, safety standards, the use of technology, and environment.
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