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View all search resultsDespite weak domestic car sales in the past years, automotive firm Honda Prospect Motor (HPM), a subsidiary of major Japanese car maker Honda Motor Co. Ltd., has reiterated its commitment to further expand its businesses in Indonesia as customers’ demand for its cars remains high.
The recent verdict by the Business Competition Supervisory Commission (KPPU) that the two largest motorcycle manufacturers colluded to fix prices will have a limited impact on competition and growth in the industry, Fitch Ratings said in a statement issued on Thursday.
There are indications that two giant motorcycle manufacturers, PT Astra Honda Motor and PT Yamaha Indonesia Motor Manufacturing, have engaged in price-fixing in the scooter market, the Business Competition Supervisory Commission (KPPU) says.
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