Segment Y : Indonesia's car market predicted to grow 7.5% in 2013

Headlines 21 Jan 2013
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A research firm has predicted Indonesia's automotive output will grow 7.5% in 2013, local media reported on 18th January.

An analyst at the firm said the growth was supported by Indonesia's fundamental economy, capital inflow, infrastructure development and rising production capacity in automotive industry.

"There will be an increase of 7.6% in four-wheel vehicles demand in 2013, from 780,500 units in 2012," analyst was quoted by media as saying.

He said vehicles with low cost and green concept will start to take position in the market after government announced Low Cost Green Car (LCGC) regulation.

The firm reported that LCGC and Low Emission Carbon (LEC) program will create new opportunity for the country to compete with Thailand in vehicles export market, especially in development countries, due to lower prices. "LEC and LCGC will switch Indonesia to higher position in global automotive industry," he said.