In terms of market size, Indonesia is the biggest car market in Southeast Asia and ASEAN. Indonesia accounts for about one-third of total annual car sales in ASEAN, followed by Thailand on second position. Indonesia not only has a large population but is also characterized by having a rapidly expanding middle class.
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- FAW Group has a joint venture with Toyota called Sichuan FAW Toyota Motor and both companies also have another joint venture called Ranz.
- However, it is difficult for Indonesia to boost its car exports because the