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car

Ministry suggests reviving COVID-era tax break for car sales
Regulations 1 year ago

PREMIUM
Ministry suggests reviving COVID-era tax break for car sales

The proposal to reinstate the incentive has resurfaced amid falling car sales. During the first half of 2024, wholesale, or factory-to-dealer sales, were down 19.5 percent year-on-year (yoy) to 408,012 units from the same period last year.
Auto financing falls 15% in July due to slump in new car sales
Markets 1 year ago

PREMIUM
Auto financing falls 15% in July due to slump in new car sales

Data from industry association Gaikindo show that 484,236 new cars were sold from factories to dealers in the first seven months of 2024, which is down 17.5 percent from the same period last year.
Govt mulls reviving COVID-era tax incentives to boost car sales
Regulations 1 year ago

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Govt mulls reviving COVID-era tax incentives to boost car sales

The government is considering a suspension of the luxury goods tax on car purchases to aid the flagging automotive market.
Electric vehicles buck downtrend in Indonesian car sales
Markets 1 year ago

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Electric vehicles buck downtrend in Indonesian car sales

Electric vehicle (EV) sales grew by over 109 percent year-on-year in the first five months of this year
Domestic car sales plunge 24 percent yoy in first quarter
Markets 1 year ago

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Domestic car sales plunge 24 percent yoy in first quarter

The domestic car market remains in the doldrums with a strong year-on-year (yoy) decline, but the industry sees signs of a possible rebound in March's wholesale and retail figures.
Finance minister rolls out VAT discount for electric vehicles
Regulations 2 years ago

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Finance minister rolls out VAT discount for electric vehicles

Finance Minister Sri Mulyani Indrawati has issued a regulation providing more value-added tax (VAT) discounts for purchasers of electric cars and buses in 2024.
Indonesia eyes 20 percent increase in car exports amid decline in local sales
Markets 2 years ago

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Indonesia eyes 20 percent increase in car exports amid decline in local sales

The Industry Ministry hopes to ship 600,000 units from Indonesia this year, 100,000 units more than last year.
China's Chery pledges to make Indonesia its SE Asia production hub
Companies 2 years ago

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China's Chery pledges to make Indonesia its SE Asia production hub

This year, Chery plans to commence exporting ICE cars and EVs from its Indonesian factory to other Southeast Asia countries, including Vietnam, Thailand and the Philippines.
Used cars, two-wheelers buoy automotive market
Markets 2 years ago

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Used cars, two-wheelers buoy automotive market

Analysts project new car sales to bounce back this year, along with the rise of electric vehicles, which continue to gain popularity in the country.
Teaching how to ‘nudge’: A letter to policymakers
Academia 2 years ago

PREMIUM
Teaching how to ‘nudge’: A letter to policymakers

It seems that our policymakers – politicians – always choose a decision when they are in a hot state, rather than a cold one. Impulsive.
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