Indonesia’s motorcycle exports in 1st ten months log highest pace in 5 years

05-Dec-2019 Intellasia | Xinhuanet | 6:02 AM Print This Post

Exports of Indonesia’s motorcycles from January to October grew the highest pace in five years amid favourable prices and improved quality, media reported on Tuesday.

The Indonesian Motorcycle Association recorded that the shipment of the products overseas expanded 34 percent to 682,325 units in the first ten months this year.

“This is because the price of motorcycles produced by Indonesia is very competitive and complies with the international standard,” said Sigit Kumala, head of the association’s commercial unit.

On domestic sales, Sigit expected the sales of the products would start drifting higher before the end of the yea.

“I hope the domestic sales will start rising again ahead of the year end,” Sigit was quoted by Kompas.com as saying.

On the production target, Indonesia plans to manufacture motorcycle by almost double to 10 million units annually in 2025 with 20 percent of the outputs being electric-powered motorcycles, as demand of the vehicles is growing in the country amid its commitment to preserving the environment, according to the Industry Ministry.

http://www.xinhuanet.com/english/2019-12/03/c_138602952.htm

 


Category: Indonesia

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