Outlook for Indonesia's Low-Cost Green Car Market in 2024

2024/08/27
Market Data
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Indonesia
Malaysia
According to data from the Association of Indonesian Automotive Industries (GAIKINDO), despite an overall 17.5% drop in national car sales from January to July 2024, Low Cost Green Cars (LCGC) still account for 22% of total car sales in wholesale and 20.8% in retail, demonstrating the significant pillar status of LCGC in the automotive industry. Notably, strong sales of models like Honda Brio Satya and Daihatsu Sigra highlight the ongoing appeal of LCGC in the Indonesian market.
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