Vehicle
Automobile News When these LCGC cars had been launched they, generally, had a price tag of round IDR a hundred million (approx. USD $7,500) hence being attractive for the country’s large and expanding middle class segment. By early the typical worth of the LCGC had risen to round IDR 140 million (approx. USD $10,500) per vehicle. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian government also aims to make Indonesia the regional hub for the production of LCGCs. This correlation between home automotive sales and financial growth is clearly visible in the case of Indonesia. Between the years 2007 and 2012, the Indonesian financial system grew a minimum of 6.0 percent per year, with the exception of 2009 when GDP growth was dragged down by the global monetary disaster....
