PT Astra International on Thursday said its motor cycle sales dropped 0.7% to 150,065 in February from 151,154 in January.
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According to Dow Jones, Astra, which makes motor cycles with Honda, said that sales reached 301,219 during the first two months of the year, meaning it captured nearly 54% of the domestic motor cycle market.
The report noted that motor cycle sales have been booming in Indonesia in recent years amid falling interest rates and that Singapore’s Jardine Cycle & Carriage Ltd. owns a 37% stake in Astra.
