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Indonesian Automotive Export Growth Helps Boost Forex Reserves

Economics editor Nia Deviyana
14/06/2023 11:06 WIB
The Indonesian automotive industry continues to demonstrate its competitiveness in the global arena by increasing exports to other countries.
Indonesian Automotive Export Growth Helps Boost Forex Reserves. (Foto: MNC Media)
Indonesian Automotive Export Growth Helps Boost Forex Reserves. (Foto: MNC Media)

"So, it can be concluded that the development of the automotive sector is already moving in the right direction," he said.

One of the most important car manufacturers in Indonesia is PT Toyota Motor Manufacturing Indonesia (TMMIN). It has been in Indonesia for more than 50 years.

"For more than 50 years, Toyota Indonesia's contribution can be seen from its investment achievements, workers and exports," said Agus.

Currently, TMMIN's production capacity reaches 320 thousand units per year. Moreover, 440 thousand engine units and parts are produced in four factories in Karawang and Sunter.

"Toyota Indonesia's total investment until 2022 is Rp77.9 trillion, and it is committed to increasing its investment by Rp27.1 trillion until 2026. The number of its workforce so far has reached 8,003 employees," said Agus. (WHY)

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