Auto retailer PT Magnum Molis Indonesia has launched seven types of electric motorcycles on Thursday in Batam, Riau Islands.

The completely knocked down (CKD) vehicles, which have passed Transportation Ministry standards, are fully assembled in Batam, with 60 percent of the motorcycle's components coming from China and the remaining parts produced domestically.

Magnum Molis Indonesia president director Cahya said the company had invested Rp 50 billion (US$3.6 million) for the project and that the 200 vehicles it had produced as its 2017 target had sold out within two months of the market trial.

“We believe the electric motorcycle has a great potential market,” Cahya said, adding that in Batam, it cost less to drive electric motorcycles than gas-powered motorcycles.

He explained that gasoline was expensive on Riau and that a motorcycle owner had to spend about Rp 400,000 ($29.5) a month on fuel. Meanwhile, the owner of an electric motorcycle would need to spend only about Rp 40,000 (S2.95) a month on recharging the battery.

The battery for Magnum Molis's electric motorcycle needed about six hours to be fully charged, on which it could run about 80 kilometers at a speed of 60 kilometers per hour, he added.

The company has an assembling factory with a capacity of 1,000 units per month, said Cahya, adding that several people had submitted proposals to become dealers.

Separately, Batam Free Trade Zone chairman Luki Dinarsyah Tuwo advised the company to sell its electric motorcycles to markets outside the island, promising to facilitate any necessary documents. (bbn)

Popular

RI, Australia strengthen partnership on taxing crypto assets

Analysis: Indonesia denies normalization with Israel to enter OECD

Citroen to produce electric cars in Indonesia