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Market Chatter: Japanese Car Dealerships Close Operations in Indonesia As Chinese EV Booms

Several Japanese-brand car dealerships have closed or shifted business models as Chinese electric vehicle makers gain market share, Jakarta Globe reported Thursday, citing Indonesia's Industry Minister Agus Gumiwang Kartasasmita.Some outlets have shut entirely, while others have begun selling, Agus told reporters. The Japanese automakers need to adjust more quickly to Indonesia's shifting auto demand, which is increasingly driven by electric vehicles, reportedly.He noted the transition aligns with government policy to accelerate EV adoption and reduce fossil fuel dependence, in line with the country's 2060 net-zero emissions goal. The remarks also reflect President Prabowo Subianto's push for full electrification across transport, including cars, buses and trucks, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

-- Several Japanese-brand car dealerships have closed or shifted business models as Chinese electric vehicle makers gain market share, Jakarta Globe reported Thursday, citing Indonesia's Industry Minister Agus Gumiwang Kartasasmita.

Some outlets have shut entirely, while others have begun selling, Agus told reporters. The Japanese automakers need to adjust more quickly to Indonesia's shifting auto demand, which is increasingly driven by electric vehicles, reportedly.

He noted the transition aligns with government policy to accelerate EV adoption and reduce fossil fuel dependence, in line with the country's 2060 net-zero emissions goal. The remarks also reflect President Prabowo Subianto's push for full electrification across transport, including cars, buses and trucks, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)