When gross domestic product growth boosts people’s purchasing power while consumer confidence is strong, people are willing to buy a car. However, in times of economic uncertainty (slowing economic expansion and reduced optimism – or pessimism – about future personal financial situations) people tend to postpone the purchase of relatively expensive items such as a car. While Indonesia has a well developed MPV and SUV manufacturing industry, the nation’s sedan industry is underdeveloped.
- 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 .
- Currently, Indonesia is primarily dependent on foreign direct investment, particularly from Japan, for the establishment of onshore car manufacturing facilities.
- Selected CoreLink interconnects and system controllers have been optimized for high-performance IVI, powertrain and ADAS systems, targeting ASIL B to ASIL D safety integrity levels.
- The factory would nearly double the