PT General Motor Indonesia is laying out significant plans for next year which include new models, new retail outlets and the start of construction on a new plant.

GM Indonesia is optimistic about its future here, managing director Mukiat Sutikno said in in an interview with the Jakarta Post.

“We’re here to stay. We have no plan to withdraw investments from the country.

“We are even going to release three new models in Indonesia next year, one of which will be released no later than the first quarter of 2009,” he said.

A new plant will start to be constructed next year, he said, although no exact timing was given.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

At present, GM cars sold in Indonesia are imported from plants in Thailand and Korea.

GM’s Indonesia head also said that next year’s sales in Indonesia will likely drop by 30%, in line with a decline in the whole automotive industry.

“Eighty percent of Indonesian customers’ financing comes from credit loans and the down payments will rise to an average 40 percent of the price. This surely will slow down car purchases.”