We have great ideas based on decades of experience and materials solutions that were pioneered by our innovation. Our global and regional customers count on us for unmatched quality, unique insights and reliability. Trailing only Thailand, Indonesia has become the second largest producer of motor vehicles within the ASEAN region. Low labor costs and a […]
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Continue ReadingOther issues that limit car exports are concerns about safety standards and technology. When these LCGC cars were introduced they, generally, had a price tag of around IDR 100 million (approx. USD $7,500) hence being attractive for the country’s large and expanding middle class segment. By early the average price of the LCGC had risen […]
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Continue ReadingThe LCGC has become a very popular vehicle in Indonesia and now contributes nearly 25 percent to total domestic car sales. Considering the nation’s per capita GDP is still below USD $4,000, affordability is generally the most important factor for Indonesian consumers when buying a car, and this would explain consumers’ shift to the LCGC. […]
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