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Jakarta Post

Carmakers eye export market amid bleak domestic outlook

  • Mardika Parama


Jakarta   /   Mon, September 28 2020   /  01:00 am
Illustration of a car factory(Shutterstock/File)

Indonesian carmakers are looking at the export market to boost sales and increase factory utilization rates as the COVID-19 pandemic is projected to continue wreaking havoc on the domestic car market. Association of Indonesian Automotive Manufacturers (Gaikindo) secretary-general Kukuh Kumara said on Monday that the country’s carmakers were working with the Trade Ministry, Industry Ministry and Foreign Ministry to lobby car brands, also known as "principals", to reallocate domestic car production to international orders. “The principals have to agree for Indonesian-made car to be exported to other countries, and authorizing additional car variants for export from Indonesia,” Kukuh said during an online discussion organized by marketing consulting firm Markplus. The COVID-19 crisis has battered car sales this year with declining purchasing power of con...