Tangerang, Banten, Nov. 21 -- Indonesia's Ministry of Industry says the country's automotive sector still has substantial room for expansion, supported by a large domestic market that remains far from fully tapped.
Director General of Metal, Machinery, Transportation Equipment, and Electronics at the ministry, Setia Diarta, said the potential stems from Indonesia's large population, which continues to offer strong market prospects.
"The automotive industry still has room to expand, given the significant potential of the domestic market," he said at the Gaikindo Jakarta Auto Week in Tangerang, Banten, on Friday.
Vehicles in use data for 2024 from the International Organization of Motor Vehicle Manufacturers shows Indonesia's car ownersh...
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