Tag Archives: indonesia

ASEAN Vehicle Sales Jump 11% in Q2

New vehicle sales in South-east Asia’s six largest markets rose by 10.6% to 781,162 units in the second quarter of 2016, from 706,532 units in the same period of last year, according to data collected exclusively for just-auto by AsiaMotorBusiness.com. This follows a 3.6% decline in the first-quarter of the year, resulting in a 3.2% rise in cumulative first-half sales to

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Indonesia’s Automotive Industry & Foreign Investments

Hamdani Dzulkarnaen, General Chairman of the Indonesian Automotive Part and Components Industries Association (GIAMM), said the Indonesian government should curtail foreign investment in the automotive industry or – at least – become more selective as domestic players are not able to develop their businesses due to rising foreign competition. Currently, there are nine nations active in Indonesia’s automotive sector, led

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University of Indonesia Designs, Launches Electric Car and Bus

Jakarta. The University of Indonesia on Monday (18/07) launched four electric vehicles designed by campus engineers at the university’s engineering center in Depok, West Java. The launch featured an electric bus, Makara Electric Vehicle (MEV) 01, MEV 02 city car conversion and MEV 03 city car conversion. The four types of cars are ready for operation, although they still need

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GO-JEK Indonesian Motorcycle-Hailing App May Get USD 1 Billion Funding

Big-name investors KKR & Co. and Warburg Pincus LLC are taking the “Uber bet” to a new extreme as they consider an investment in an Indonesian motorcycle-hailing app that would value the startup at more than $1 billion. The private-equity firms are in discussions to participate in a fundraising round for PT Go-Jek that could raise around $400 million and

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UBER Removes Driver After Toy Gun Incident

Jakarta. Ride-hailing service Uber has apologized and removed a driver from its platform on Wednesday (06/07) after he allegedly threatened passengers with a toy gun during a trip a day earlier. The incident occurred just weeks after the government forced Uber and rival services including Grab and Go-Car to operate in the country with oversight comparable to other modes of

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FORD’s Indonesian Dealers Demand Compensation

Ford Motor Co’s dealers in Indonesia are demanding around $75 million in compensation after the U.S. carmaker announced in January it would close all operations in Southeast Asia’s biggest economy. Six businesses which oversee 31 Ford dealerships in Indonesia say they have sent a second letter about possible legal action to Ford, Ford International Services and PT Ford Motor Indonesia.

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