Indonesia’s Vehicle Sales Increased Over 65% to Nearly 890,000 Units in 2021

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Indonesia vehicle sales demand tax reduction 2021 sales increase coronavirus Covid-19 pandemic passenger vehicle sales commercial vehicle sales Indonesia Sales Volume of Automobiles by Type Indonesia Market Share of Top 5 Brands Indonesia Sales Volume of Automobiles by Type and Segment sedan non-sedan (4×2) truck bus SUV MPV MUV small vans reduced luxury tax on automobiles 2022 tax reduction measure Indonesia’s Ministry of Finance Indonesian President Joko Widodo LCGCs (low cost green cars) local procurement rate vehicle type ordinary tax rate CO2 emissions Results of luxury tax reduction in 2021 Indonesia Top 20 Automobile Models by Sales Volume Indonesia Sales Volume of Automobiles by Brand and Model Toyota Daihatsu Mitsubishi Suzuki Honda Fuso Isuzu Wuling Hino Mercedes- Benz Mazda DFSK Nissan Hyundai Kia BMW MG Lexus UD Trucks MINI VW Peugeot FAW Tata Renault Audi total sales figures 2016 2017 2018 2019 2020 2021 (year-on-year) Avanza Carry (PUT) Kijang Innova Rush GranMax (PUT) Sigra Calya Canter (FE) truck Xpander Brio Satya L300 Xpander Cross Fortuner Raize Ayla Terios Yaris Pajero Sport Agya HR-V GAIKINDO

Indonesia’s vehicle sales increased 66.8% year-on-year to 887,202 units in 2021 (based on wholesale data). Although sales did not reach the pre-corona level of over 1 million units, it significantly increased from the previous year when demand dropped to a historic low due to the pandemic. In addition to recovery in demand, sales were aided by the reduction of luxury tax on automobiles starting from March 2021. Passenger vehicle sales went up 69.7% to 659,806 units and commercial vehicle sales increased 58.9% to 227,396 units.