For example, gasoline consumption is required to be set a minimum of 20 kilometers per liter whereas the car must consist – for 85 p.c – of domestically manufactured components . In trade, the LCGCs are exempted from luxury items tax, which allows manufacturers and retailers to set cheaper prices. Due to the simpler monetary coverage and the top of the financial slowdown in 2016 (GDP progress accelerated to 5.02 p.c y/y), Indonesian automotive gross sales finally rebounded in 2016. This correlation between domestic automotive sales and economic progress is clearly visible within the case of Indonesia.
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- Steer-by-Wire techniques get rid of the physical connection between the steering wheel and the tires, enabling security and luxury features beforehand troublesome to realize.
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