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- The LCGC has become a very popular vehicle in Indonesia and now contributes nearly 25 percent to total domestic car sales.
- At the same time, it is important to note that electrified vehicles include a large portion of hybrid electrics, which means that even beyond 2030, the internal-combustion engine will remain very relevant.
- Recent events have clearly demonstrated the challenges in managing the scope, scale and complexity of today’s automotive supply chain.
- The transportation ecosystem can benefit by building a Web of Data to unleash this potential.
- As a responsible and diverse organisation, Expleo is committed to doing business with integrity and working towards a more sustainable and secure society.
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To overtake Thailand as the biggest car manufacturer in the ASEAN region will, however, require major efforts and breakthroughs. Currently, Indonesia is primarily dependent on foreign direct investment, particularly from Japan, for the establishment of onshore car manufacturing facilities. The country also needs to develop car component industries that support the car manufacturing industry.
Research and insights
When these LCGC cars were introduced they, generally, had a price tag of around IDR 100 million (approx. USD $7,500) hence being attractive for the country’s large and expanding middle class segment. By early the average price of the LCGC had risen to around IDR 140 million (approx. USD $10,500) per vehicle. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian government also aims to make Indonesia the regional hub for the production of LCGCs. Domestically, GAIKINDO facilitates its members’ interests in relation with the Government’s policies regarding the automotive industry.
Creating the connected car
As a result, the traditional business model of car sales will be complemented by a range of diverse, on-demand mobility solutions, especially in dense urban environments that proactively discourage private-car use. Overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. We support suppliers with strategic problem-solving and innovation, development, and cost-cutting programs.
Our broad experience allows us to also support wholesalers, car importers, and service providers, as well as private equity companies and investment banks in the auto industry. CAR’s leading-edge research impacts the future of the global automotive industry by informing industry leaders and policymakers and facilitating communication across the industry. With over 20 years of supporting the automotive sector and a complete portfolio of AEC qualified products, onsemi enables customers to design high-reliability solutions that create value for the end-user while delivering peak performance. The global trends of urbanization, climate change and digitalization are challenging the automotive industry.
The central bank of Indonesia decided to revise the down payment requirements for the purchase of a car in an attempt to boost credit growth . Per 18 June 2015, those Indonesian consumers who use a loan from a financial institution to purchase a passenger car need to pay a minimum down payment of 25 percent . It is estimated that around 65 percent of all car purchases in Indonesia are made through a loan.
How carmakers can compete for the connected consumer
In the United States, vehicle sales peaked in 2000, at 17.8 million units. In 2007, there were about 806 million cars and light trucks on the road, consuming over 980 billion litres of gasoline and diesel fuel yearly. The automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicted that, by 2014, one-third of world demand would be in the four BRIC markets . Meanwhile, in the developed countries, the automotive industry has slowed.