Down-Shifting on Sales Targets

At the end of 2015, the Indonesian Motorized Vehicle Industry Association (Gaikindo) was optimistic automobile sales could grow seven percent this year, reaching 1.070 million units. However, as of mid-year, the expected growth has not been met. Last August, Gaikindo revised the target to 1.050 million units. "Even this will need hard work in the last three months of this year," said Gaikindo Kukuh Secretary-General Kumara told Tempo some time ago.

October 25, 2016