Sunday, November 10, 2024

A big global electric motorcycle manufacturer to invest in Indonesia

Reading Time: 2 minutes
Gusty da Costa

Journalist

Editor

Interview

A big global electric motorcycle manufacturer from an Asian country has shown interest in investing in Indonesia, eyeing a manufacturing plant site in West Java’s Bekasi and Karawang regencies, an official with the Coordinating Ministry for Maritime Affairs and Investment said on Thursday.

Deputy for Investment and Mining Coordination at the Coordinating Ministry for Maritime Affairs and Investment, did not specifically mention the country of origin of the motorcycle manufacturer, but citing India or China as a possibility
.
“The quality of their motorcycles have been proven,” Seto told the media on Thursday, February 29, 2024.

He said the company will invest hundreds of million dollar to set up factories in Karawang and Bekasi, West Java. The groundbreaking of the construction of the factories will be held in the second or third quarter of 2024.

Seto believed that the pressence of this new investment will encourage strong competition among the motorcycle manufacturers and make its manufacturing sector more competitive.

Deputy for Infrastructure and Transportation Coordination at the Coordinating Ministry for Maritime Affairs and Investment, Rachmat Kaimuddin, said there are many motorcycle manufacturers that are interested in investing in Indonesia, including those from China and India.

As for electric cars, Chinese manufacturers like BYD, NETA and Chery have entered the Indonesian market. ” There are also other manufacturers interested, but they have asked to remain anonymous,” Rachmat said.

As previously reported by cnbcindonesia.com, Rachmat said that motor vehicle market share in Indonesia is among the largest in Southeast Asia, especially for domestic sales. For cars, 1 million units are sold every year, while motorcycles are between 5 and 7 million units per year.

“There is a market for 129 million motorbikes and 23 million cars. This is such a very attractive market and the president has also said that there is a project, which will have an effect on approximately 10 percent of the population in 2030, that’s a calculation of 13 million motorbikes and 2 million cars in Indonesia,” said Rachmat.

“Currently we are probably still at the level of producing tens of thousands units, so we still have a long way to go, but the growth is very promising,” he added.

Gusty da Costa

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

Pertamina Patra Niaga, a subsidiary of State-owned energy company PT Pertamina, plans to begin production of hydrotreated vegetable oil (HVO) biofuel at its Dumai refinery in Riau. Currently, HVO production is based at the Cilacap refinery in Central Java.
Apple Inc. has reportedly proposed a nearly US$10 million investment (Rp157.5 billion) to establish a facility in Indonesia dedicated to producing components for iPhones and iPads. The new plant, potentially located in Bandung, West Java, is expected to be operated by one of Apple’s suppliers, according to a source as quoted by the South China Morning Post (SCMP).
The Ministry of Industry inaugurated Southeast Asia’s largest seamless pipe factory on Wednesday, November 6, 2024, a joint operation between PT Artas Energi Petrogas and Inerco Global International.
The Indonesian government is pushing for the expansion of natural gas infrastructure, particularly in rural areas across Java, to decrease reliance on imported liquefied petroleum gas (LPG) and reduce related subsidies.
Minister of State-Owned Enterprises (SOEs) says the government has decided to cancel the Terminal 4 construction of the Soekarno-Hatta International Airport (SHIA) as the capacity of the existing terminals is sufficient to meet current passenger needs.
PLN Indonesia Power (PLN IP), through its joint venture subsidiary PT Trina Mas Agra Indonesia (TMAI), inaugurated on Friday, November 1, 2024 an integrated solar panel factory in Kendal, Central Java, with an initial production capacity of 1 Gigawatt Peak (GWp).