Tag: spotlight

Automotive Industry Spotlight

The central bank of Indonesia determined to revise the down cost requirements for the acquisition of a automobile in an attempt to boost credit score growth . Per 18 June 2015, those Indonesian customers who use a mortgage from a monetary institution to buy a passenger car must pay a minimum down fee of 25 % . It is estimated that around 65 percent of all automotive purchases in Indonesia are made via a loan. Jongkie Sugiarto, Chairman of the Indonesian Automotive Industry Association , stated the region east of Jakarta is selected by many car producers for their production base since a decade ago as the world’s infrastructure is nice . He added that it has now become difficult to search out large-sized land for brand spanking new factories due to the influx of many businesses over the previous years. In phrases of market size, Indonesia is the largest …