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 dominant role in the nation’s automotive sector will persist. The MPV is known as “the people carrier” because this vehicle is bigger and taller than other cars .
- The mission of the Automotive and Transportation Business Group is to act as an incubator of ideas for standardization for connected vehicles.
- In this way NSK is able to quickly respond to the needs of its customers around the world.
- Engineered for use with Telematics Control Units with network access devices, Samsung’s Exynos Auto T promises to bring the power of 5G connectivity to the automotive industry.
- Geely Holding Group holds an 8.3% stake and a 15.9% exercisable voting rights in Volvo.
- In 2007, there were about 806 million cars and light trucks on the road, consuming over 980 billion litres of gasoline and diesel fuel yearly.
However, due to fierce competition in the domestic car market not always have manufacturers and retailers been able to pass these costs on to end-users. In this area in West Java various big global car-makers invested in industrial estates as well as car and component manufacturing plants. Therefore, it has become the production base of Indonesia’s automotive sector and can be labelled the “Detroit of Indonesia”. Moreover, Indonesia experienced a remarkable transition as it evolved from being a merely export oriented car production center into a major car sales market due to rising per capita GDP. Safety in the automotive industry is particularly important and therefore highly regulated.
Innovation spotlight: Volkswagen Battery Pack
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