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.

KTB of launches Fuso's latest eCanter truck model in Indonesia.

The Indonesian market for commercial vehicles over 2 tons gvw continued to grow in the second quarter of 2023, albeit at the much slower pace of 5% following a 26% jump in the same period of last year.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by almost 9% to 308,421 units in the second quarter of 2023 from 338,668 units.

Indonesia is Fuso’s biggest overseas market and both factories in Jakarta have contributed significantly to the growth of the Fuso brand outside of Japan.

VKTR raises IDR 875bn (USD59m) through the floatation of 20% of its equity on the country’s main IDX exchange.

The Indonesian market for commercial vehicles over 2 tons gvw grew by 16% to 46,811 units in the first quarter of 2023 from 40,349 units in the same period of last year, as the domestic economy continued to recover from covid-related lockdowns.