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.
Indonesia targets export of 1 million motorbikes by 2025 ảnh 1Industry 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

See more

Emeritus Professor Hal Hill at Crawford School of Public Policy, Australian National University. (Photo: VNA)

Australian professor hails Vietnam’s important role in ASEAN

In a recent interview with the Vietnam News Agency (VNA)'s resident correspondents in Sydney, Hill underscored that the S-shaped country is the most dynamic economy in Southeast Asia in this century, particularly over the past 25 years, pointing to its seamless integration into global manufacturing networks.

President Ferdinand Marcos Jr. (Photo: PPA)

Philippine President revamps cabinet

President Marcos on March 22 called on all cabinet members to submit their resignations, paving the way for a "major government reset" aimed at better meeting public expectations following disappointing results in the recent midterm elections.

Senior officials from ASEAN member states convenes their first formal meeting within the framework of the 46th ASEAN Summit and related events on May 23. (Photo: asean.org)

Malaysia welcomes delegates to 46th ASEAN Summit

Speaking ahead of the event, Malaysian Prime Minister Anwar Ibrahim said the summit would focus on enhancing intra-ASEAN cooperation, boosting regional economic interests, and promoting investment initiatives.