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.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, fell by over 2% year-on-year to 372,543 units in the first quarter of 2023 after growing just 1.6% to 364,641 units in the fourth quarter of last year.

Indonesia is the world’s largest producer of palm oil and the government is keen to promote bio-diesel with 35% vegetable oil as a mainstream fuel in the country.

Medium sized truck market remains largest segment overall in Indonesia.

The seven major markets of East Asia (excluding China) has grown by 125,000 commercial vehicles in the last two years.

This news follows presidential instructions for Indonesian cities to reduce emissions from transport.

Karsan offers a full range (6m to 18m) of battery and HFC-powered electric buses for urban transport.

Sweden and Indonesia look to work together to decarbonise East Java.

Between 5-6 October, T&BB attended Busworld Southeast Asia 2022, which was held at the Jakarta International Expo venue in Jakarta, Indonesia. Vehicles from local manufacturers and Chinese firms were on show.

Indonesian CV market rose by 30% in first half of 2022.

Fuso sets up trials of latest eCanter in Indonesia. Indonesian government sets out strategy to decarbonise transport.