Motor Trader 2023

Indonesia - the Leading Players for Automotive Industry in the Southeast Asia ndonesia is a large country with a population of 270 million and accounts for about half of the GDP of the Association of Southeast Asian Nations (ASEAN) and the automobile industry is the second largest production in ASEAN with annual sales of more than 1 million vehicles. The automotive industry in Indonesia is still a promising sector and contributes significantly to boosting the nation's economic growth. According to the Minister of Industry of the Republic of Indonesia, Agus Gumiwang Kartasasmita, the automotive industry in Indonesia experienced extraordinary growth in 2022 and the Central Statistics Agency (BPS) announced that Indonesia's economic growth in the third quarter of 2022 reached 5.72%. Indonesia is one of the largest markets for motor- ized two wheelers in the world. For Motorcycles market in Indonesia is projected to grow by 10.91% (2022-2026) resulting in a market volume of £5.67bn in 2026. Indone- I MOTOR TRADER www.IMB2B.com TRADE SHOW PREVIEW By/ Press Center ndonesia is a larg country with a population of 270 million and accou ts for bout half f the GDP of the Association of S utheast Asian Nations (ASEAN) nd the automobile industry is the second large t roduction in ASEAN with annual sales of more than 1 illion vehicles. The automotive ind stry in Indonesia s till a promising sect r and contributes sig ifican ly to oosting the nation's economic growth. Ac ording to the inister of Industry of the Republic of Indones a, Agus Gumiwang Kartasasmita, the auto otive ind stry in Indonesia experie ced traordinary growth 2022 and the Central S atistics Agency (BPS) an ounced that Indonesia's economic growth in the third quarter of 2022 reached 5.72%. Indonesia is o e of the largest markets for motor- ized two wheel rs in the world. For Mot cycles market in Ind nesia is projected to g w by 10.91% (2022-2026) res lting in a market volume of £5.67bn in 2026. Indo e- 38