Indonesia targets export of 1 million motorbikes by 2025

Indonesia has set a target of motorcycle production at 10 million by 2025, including 1 million units for export, according to Antara news agency.

Tuesday, December 03, 2019 22:14

Indonesia targets export of 1 million motorbikes by 2025 ảnh 1

Industry Minister Agus Gumiwang Kartasasmita told the press after opening Indonesia International Motor Show (IIMS) Motobike Expo 2019 in Jakarta on November 29, 2019. (Source: ANTARA)

Jakarta (VNA) – Indonesia has set a target of motorcycle productionat 10 million by 2025, including 1 million units for export, according toAntara news agency.

Nearly 20 percent or two million of the total motorcycle production in 2025will be electric motorcycles. The number is expected to increase by 2029.

Opening the Indonesia International Motor Show (IIMS) Motobike Expo 2019 recentlyheld in Jakarta, Industry Minister Agus Gumiwang Kartasasmita said theproduction and sales of motorcycles averaged 6.5 million per year between 2010and 2018.

The growing motorcycle production and sales has had a positive impact on thedevelopment of the domestic spare parts industry, he said.

In the first ten months of this year, motorcycle production reached 6.2 millionunits, with domestic sales touching 5.5 million units and exports at 682,000units.

The export markets for Indonesian motorcycles include the Philippines,Thailand, Bangladesh, Cambodia, Malaysia, Vietnam, Japan, West Europe and LatinAmerica./.

VNA

#Indonesia #motorcycle production #Antara news agency #Indonesia International Motor Show #Motobike Expo #Industry Minister Agus Gumiwang Kartasasmita #Vietnam #VietnamPlus #Viet Nam News

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