Global chip crunch stunts Indonesia car sales recovery

2021.11.12 11:33:45

Workers load cars onto a truck at the Astra Daihatsu Motor (ADM) car factory in Karawang, West Java, on August 2019.(Antara Photo/Rivan Awal Lingga)이미지 확대

Workers load cars onto a truck at the Astra Daihatsu Motor (ADM) car factory in Karawang, West Java, on August 2019.(Antara Photo/Rivan Awal Lingga)

The global semiconductor supply crunch has held back the recovery of Indonesian car sales, but local automakers say they have been spared from the worst, given the country`s relatively low demand for high-tech vehicles. Association of Indonesian Automotive Manufacturers (Gaikindo) data show that domestic car sales grew 73.2 percent year-on-year (yoy) to 84,113 units in September. In contrast, car sales are estimated to have dropped 20 percent yoy in China, 25 percent yoy in the United States (US) and 23 percent yoy in the European Union – the three biggest car markets in the world – over the same month, due to the chip shortage, according to local associations and forecasters.

https://www.thejakartapost.com/news/2020/06/10/honda-cyberattack-halts-plants-in-india-brazil-turkey.html

By Jakarta Post

[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]