The MPV is known as “the people carrier” because this vehicle is bigger and taller than other cars . Indonesians enjoy taking trips with the family (and/or invite some friends) and therefore a big car is required. When gross domestic product growth boosts people’s purchasing power while consumer confidence is strong, people are willing to buy a car. However, in times of economic uncertainty (slowing economic expansion and reduced optimism – or pessimism – about future personal financial situations) people tend to postpone the purchase of relatively expensive items such as a car.

• New market entrants are expected to target

This will require a sophisticated degree of scenario planning and agility to identify and scale new attractive business models. In 2030, the share of electrified vehicles could range from 10 percent to 50 percent of new-vehicle sales. Adoption rates will be highest in developed dense cities with strict emission regulations and consumer incentives .

• It is one of the world’s largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia).
• Chery has a joint venture with Jaguar Land Rover called Chery Jaguar Land Rover, both companies hold a 50-50% stake.
• In

Other 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 to around IDR 140 million (approx. USD $10,500) per vehicle. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian government also aims to make Indonesia the regional hub for the production of LCGCs.

• ADAS and Automation Systems enable modern

Combine business data with industrial IoT data to maximize manufacturing efficiency, improve sustainability, and cut costs. Our Future Mobility North America online event brings together more than 1,000 stakeholders to discuss the business models, technologies and trends shaping the future of mobility. Our Future Mobility Europe online event brings together more than 1,000 stakeholders to discuss the business models, technologies and trends shaping the future of mobility. Perspectives A digital future for the captive auto finance industry Read our report to learn how captive auto finance industry leaders can transform their business models to respond to the rising need for …

The 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. For example, city car sales in Indonesia have plunged dramatically since the launch of the LCGC. Also the multipurpose vehicle , which – by far – is the most popular vehicle in Indonesia, felt the impact of the arrival of the LCGC. But the MPV’s …

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 low motorization rate have opened the door to an increasing number of car manufacturers, including Toyota, Nissan and General Motors. In terms of automotive production by vehicle type, the Indonesian automotive industry has developed a preference for sturdy 4×2 vehicles. In recent years, Indonesia also …