Other potentially powerful automotive markets are Iran and Indonesia.Emerging automobile markets already buy more cars than established markets. The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% of them.
- In its capacity in the homeland and global roles, nowadays GAIKINDO contributes to the development of the industry that leads to the production of environmentally-friendly cars .
- In global role, GAIKINDO is a partner of the automotive industry associations in various countries.
- Daimler AG and BYD Auto have a joint venture called Denza, both companies hold a 50-50% stake.
- However, it is difficult for Indonesia to boost its car exports because the nation’s automotive industry is still at the Euro 2 level, while other nations are already at Euro 5 .
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Per 2017 Indonesia’s total installed car production capacity stands at 2.2 million units per year. Still, there are no major concerns about this situation as domestic car demand has ample room for growth in the decades to come with Indonesia’s per capita car ownership still at a very low level. The GESITS electric motorcycle is the first electric motorcycle assembled by ITS.
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