The market for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the first quarter of 2024 - with sales falling sharply by more than 28% year-on-year to 268,053 units.

After the 2022 edition of ‘Busworld Southeast Asia’, I argued that the divergent priorities of the Indonesian government and the country’s longstanding bus and coach manufacturers were on full display at the show. At this year’s show, held between 15-17 May at the Jakarta International Expo, the domestic manufacturers doubled the number of electric models on show – that is to say, they displayed a total of two electric buses instead of one. The impression I got two years ago of divergent, even opposing, ideas about the future of the market in Indonesia was confirmed by the latest show, which was much larger in scale and well attended following the final removal of all pandemic-era restrictions.

The Indonesian market for commercial vehicles over 2 tons gvw continued to decline sharply in the fourth quarter of 2023, by 29% to 34,552 units from 48,636 units a year earlier.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.

Indomobil is the Indonesian assembly and distribution partner for several overseas vehicle brands, as well as commercial vehicle companies such as Hino, Renault Trucks and Volvo Trucks.

Hyundai Motor Company has signed a distribution agreement for its Elec City battery-powered buses with an agency in Indonesia.

While the city of Jakarta commits to being fully electric by 2030, the Indonesian and South Korean governments have signed a bilateral cooperation agreement to develop a public transportation network using battery-powered buses across cities in Indonesia.

The eCanter was originally launched in 2017, with a new upgraded model made available since last year. It is sold in a growing number of markets in Asia, including Taiwan from last month.

Jakarta-headquartered Nusatama makes special-purpose vehicles for the oil, gas, mining and forestry sectors.

The Indonesian market for commercial vehicles over 2 tons gvw reversed sharply in the third quarter of 2023 after two years of strong growth.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by over 8% to 326,720 units in the third quarter of 2023.

The two companies have signed a memorandum of understanding (MoU) to make available locally-produced electric trucks in the Indonesian market under the NTBK brand.