The Association of Indonesian Automotive Manufacturers (Gaikindo) will showcase the latest automotive technology of both local and foreign carmakers during its annual exhibition in July.
President Joko “Jokowi” Widodo is scheduled to officially open the 27th Gaikindo Indonesia International Auto Show (GIIAS), which will be held at the Indonesia Convention Exhibition (ICE) in Bumi Serpong Damai (BSD) city, Tangerang, Banten.
With Future in Motion as its theme, the expo will take place on July 18-28, supported by Astra Financial as its platinum sponsor, Blibli.com as its exclusive e-commerce an online ticketing service and Go-Jek as its on-demand platform.
"President Jokowi is expected open the expo, because we know GIIAS is a window for the latest information about the automotive industry in Indonesia and in the world," Gaikindo chairman Yohannes Nangoi told a press briefing on Tuesday.
He said that this year’s GIIAS would be more special because it would highlight the independence of the Indonesian automotive industry and its latest cars, some of which have been exported.
At least 20 local and foreign carmakers, including Audi, BMW, Chevrolet, Daihatsu, Datsun, DFSK, Honda, Hyundai, Isuzu, Lexus, Mercedes Benz, MINI, Mitsubishi, Nissan, Suzuki, Toyota, VW and Wuling, will take part in the annual exhibition.
According to Gaikindo data, Indonesian-made cars are exported to more than 80 countries.
“Many have yet to know that Indonesia exports vehicles to more than 80 countries in the world. Gaikindo wants to show in the 2019 GIIAS that the Indonesian automotive industry has brought pride to the country,” Yohannes told The Jakarta Post.
Exports of completely built-up (CBU) vehicles from Indonesia grew 18 percent to 115,510 units during the January-May period from 97,761 units in the same period last year.
Yohanes estimated this year’s car exports to reach 300,000 units. Gaikindo targeted the country’s car exports to reach 1 million units by 2025.
In contrast, domestic car sales have been in a downward trend. According to Gaikindo data, vehicle wholesales fell 14.7 percent to 422,038 units in January-May from 494,809 units in the same period last year.
The association had set a sales target of 1.1 million units this year, unchanged from its 2018 target and even lower than last year’s sales realization of 1.15 million units.
Investment in the automotive sector continues to grow this year. Last Sunday, a manufacturer from South Korea Hyundai Motor Company announced that it would soon build a factory in Indonesia with a production capacity of 70,000 to 250,000 units per year.
Toyota Motor Corp also announced a plan to invest US$2 billion to make electric cars in Indonesia in the next four years. (tkp