r.2024 Jan.-Apr.2025 y/y CBU(unit) 83,298 88,915 97,010 9.1% 26,297 41,900 59.3% Source: Association of Indonesia Automotive Industries (GAIKINDO)Note: Sales volumes reflect wholesale volumes. “4x2” (2WD) consists of mainly MPVs and hatchbacks. “Affordable Energy Saving Cars” represent LCGC (Low Cost Green Cars).     As for 2024 new vehicle sales by brand based on MarkLines Data Center, Toyota and Daihatsu had a market share of 33....

Market & Tech Reports  Updated at: 2025/06/13

Jan.-Feb.2024 y/y CBU (unit) 47,716 83,298 88,915 6.7% 17,190 14,279 -16.9% Source: Association of Indonesia Automotive Industries (GAIKINDO)Note: Sales volumes reflect wholesale volumes. “4x2” (2WD) consists of mainly MPVs and hatchbacks. “Affordable Energy Saving Cars” represent the LCGC (Low Cost Green Cars)     As for 2023 new vehicle sales by brand (based on MarkLines Data Center), Toyota and Daihatsu had a market share of 33...

Market & Tech Reports  Updated at: 2024/04/12

frica, Latin America and the Middle East. 30% of overall exports is projected to be the HV version. In 2025, Toyota aims to export 17,000 units of this model. Daihatsu In March 2023, Daihatsu released the new Ayla subcompact hatchback. Like the first generation model, this new Ayla also meets the LCGC requirements. As a part of the Toyota Group’s emerging-market compact car business, Daihatsu will supply this model to Toyota on an OEM-supply ...

Market & Tech Reports  Updated at: 2023/08/17

ion.   Indonesian government to provide EV subsidies; conglomerates and emerging companies entering EV business   A major factor hindering the spread of EVs is their high cost. In the Indonesian market, most vehicles purchased are priced at or below IDR 300 million, including low cost MPVs and LCGCs (Low Cost Green Cars). Conversely, EV models are priced at or over IDR 600 million on average, and the number of people who can afford them is l...

Market & Tech Reports  Updated at: 2023/01/27

1,144,780 965,474 1,108,104 -3.2% 14.8%   Indonesia: introduces luxury-goods sales tax reduction measure According to Regulation Number 5 of 2022 issued by the Minister of Finance, luxury-goods sales tax (LST) reduction will be granted in stages until September 2022, for Low Cost Green Car (LCGC certified by the Ministry of Industry) priced at IDR 200 million or less. For non-LCGC vehicles priced at IDR 200-250 million, LST was reduced by...

Market & Tech Reports  Updated at: 2022/07/07

rom and Where to? (Sep. 2021) ASEAN Vehicle Sales and Production Update (Q2 2021) (Aug. 2021) The global market for motorcycles: India, China and ASEAN countries (Jul. 2021) ASEAN: Thailand and Indonesia building EV and battery production facilities (Jun. 2021) Indonesia: Favoring EVs more than LCGC under revised luxury tax scheme (Aug. 2020)     The Indonesian government announced its local EV production roadmap in July 2021 including plan...

Market & Tech Reports  Updated at: 2021/10/20

al Motor Show 2021 (Part 2): Pickup trucks competition (Apr. 2021) Bangkok International Motor Show 2021 (Part 1): GWM unveils its lineup of electric vehicles (Apr. 2021) Thailand: Resuming plan to be an EV hub in ASEAN region after COVID-19 pandemic (Oct. 2020) Indonesia: Favoring EVs more than LCGC under revised luxury tax scheme (Aug. 2020)   2021 Q2 ASEAN Countries Sales Comparison (units) Country Jun.2021 Jun.2020 Y-o-Y Apr.-Jun.2021 ...

Market & Tech Reports  Updated at: 2021/08/13

al Motor Show 2021 (Part 2): Pickup trucks competition (Apr. 2021) Bangkok International Motor Show 2021 (Part 1): GWM unveils its lineup of electric vehicles (Apr. 2021) Thailand: Resuming plan to be an EV hub in ASEAN region after COVID-19 pandemic (Oct. 2020) Indonesia: Favoring EVs more than LCGC under revised luxury tax scheme (Aug. 2020) ASEAN: Thailand and Indonesia aim to be regional EV hubs, CASE businesses growing (May 2020)     T...

Market & Tech Reports  Updated at: 2021/06/10

al Motor Show 2021 (Part 2): Pickup trucks competition (Apr. 2021) Bangkok International Motor Show 2021 (Part 1): GWM unveils its lineup of electric vehicles (Apr. 2021) Thailand: Resuming plan to be an EV hub in ASEAN region after COVID-19 pandemic (Oct. 2020) Indonesia: Favoring EVs more than LCGC under revised luxury tax scheme (Aug. 2020) ASEAN: Thailand and Indonesia aim to be regional EV hubs, CASE businesses growing (May 2020)   2021...

Market & Tech Reports  Updated at: 2021/05/19

heir mid-term policy announcement (from May 28th, 2020) will focus on Nissan and Mitsubishi’s latest developments based on announcements and related news. Part 2 will cover Renault as well as an alliance production forecast by LMC Automotive.   Related reports: Indonesia: Favoring EVs more than LCGC under revised luxury tax scheme (Aug. 2020) Bangkok International Motor Show 2020: Major SUV competition (Jul. 2020) Start of USMCA and Mexican...

Market & Tech Reports  Updated at: 2020/09/28

Indonesia: Favoring EVs more than LCGC under revised luxury tax scheme Production and sales plunge in 2020 due to COVID-19 crisis, impacting heavily on exports Summary Electrification policies: Starting production of EVs in 2022, manufacturing EV batteries using nickel ore Market trends: Production in 2020 expected to be 700k-800k, sales to be below 600k Stimulus measures for automotive industry: Subsidizing interest on auto loans and providing I...

Market & Tech Reports  Updated at: 2020/08/25

19: diversification of local lineups （Apr. 2019） ASEAN: Thailand accelerates EV production; new plants to be built in Malaysia and Vietnam （Mar. 2019）     Thailand and Indonesia had been striving to become manufacturing hubs for compact, fuel-efficient cars through the eco-car scheme and LCGC policy, but recently these countries have re-targeted their efforts to become ASEAN EV manufacturing hubs and accordingly are establishing their ...

Market & Tech Reports  Updated at: 2020/05/13

and, sales of SUVs and MPVs (multi-purpose vehicles) continued to grow.   The government of Indonesia is developing policies for vehicle electrification. The various OEMs seem to be progressing with preparations for the introduction of electric vehicles as they prepare to launch new models such as LCGC (low cost green car) compatible vehicles that have been promoted up to now.   With an expected increase in mid-term demand and production in the...

Market & Tech Reports  Updated at: 2019/08/20

e local production of MPV (Multi-Purpose Vehicles) and SUVs is high due to strong domestic demand, the production and sales volumes of sedans show a downwards trend because they are subject to being imposed with a high luxury tax rate (30%~) compared to other vehicle types (10%~). Sales volumes of LCGC (*Note) vehicles have been at around 230,000 units (see Affordable Energy Saving Cars at the table below) since 2016. In light of the Indonesian ...

Market & Tech Reports  Updated at: 2019/05/21

overnment introduced the first car incentive program in 2011-2012 which raised annual sales to approximately 1.3 million units. However, afterward, sales continued to be stagnant at around 800,000 units, and finally recovered to exceed the million mark in 2018. In Indonesia, the Low Cost Green Car (LCGC) policy was introduced in 2013 which expanded vehicle sales to 1.2 million units, but volumes have since remained at a million units due to the s...

Market & Tech Reports  Updated at: 2019/03/13

fluctuations due to the economic recovery, and the implementation of economic policies and sales promotional measures in various countries. In Thailand, the first car tax reduction implemented from 2011 to 2012 led to a decline in vehicle sales in 2013. Indonesia implemented the Low Cost Green Car (LCGC) policy in 2013, expanding the market size to 1.2 million vehicles, which extended into the following year, but volumes have since remained at 1 ...

Market & Tech Reports  Updated at: 2018/01/05

Indonesia: Market size recovers to a level of 1.1 million vehicles, local production advances OEMs expanding lineup of MPVs, Mitsubishi Motors' and Wuling's new plants come on stream Summary Market trends: New vehicle sales recover thanks to economic stimulus package, Japanese automakers take the lead MPVs: Composing roughly 40% of new vehicle sales, OEMs continue to release new models LCGC: Market size expands to over 200,000 vehicles, Toyota/Da...

Market & Tech Reports  Updated at: 2017/09/12

fficiency among gasoline vehicles.  Indonesia  Daihatsu developed a car based on its global A-segment platform, to which it had applied its cost- and fuel-efficient technologies and expertise accumulated through the Mira e:S. The model conforms to the Indonesian government's Low Cost Green Car (LCGC) program. Daihatsu launched it as the Ayla and Toyota, to which it was supplied by Daihatsu on an OEM basis, launched it as the Agya.  The Phi...

Market & Tech Reports  Updated at: 2016/03/28

(registered vehicles excluding heavy-duty commercial vehicles), the market leader Toyota saw a drop of 16.9% y/y to 334,000 units, and Daihatsu, which came in second, experienced a decline of 8.3% y/y to 161,000 units. Sales of core products like the Toyota Avanza and Daihatsu Xenia MPVs as well as LCGC-certified vehicles including the Toyota Agya and Daihatsu Ayla decreased by 14-16% y/y. Toyota expects that its sales will grow from the second h...

Market & Tech Reports  Updated at: 2016/03/18

revious year. Although the country overtook Thailand as the largest auto market in Southeast Asia, its sales were less than last year for the first time in five years due to stagnant economic growth, rupiah's depreciation, high interest rate, and reduced fuel subsidies. Sales of Low Cost Green Car (LCGC)-certified vehicles were strong at 170,000 units while those of the all other segments including the leading multi-purpose vehicles (MPVs) droppe...

Market & Tech Reports  Updated at: 2015/03/11