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Automotive Manufacturing Industry Indonesia
Automobile Information
Lastly, the weak rupiah (which had been weakening since mid-2013 amid the US taper tantrum) made imports costlier. Given that many automobile components still need to be imported hence elevating production prices for Indonesian automotive manufacturers, worth tags on automobiles turned dearer. However, as a outcome of fierce competitors in the domestic automobile market not all the time have producers and retailers been able to cross these costs on to end-users. The LCGC has turn into a very popular vehicle in Indonesia and now contributes nearly 25 percent to complete domestic automotive gross sales. Considering the nation’s per…