Automotive - Mitsubishi sales skyrocket at IIMS 2024

Automotive - Mitsubishi sales skyrocket at IIMS 2024 Mistubishi Krama Yudha Sales Indonesia (MMKSI) received positive results during the 11 days of the 2024 Indonesia International Motor Show (IIMS). Mitsubishi recorded 2,719 units of vehicle order letters (SPK). Mitsubishi's sales at the annual automotive exhibition exceeded the previously set target of 2,000 units. This is inseparable from the presence of a new product, Mitsubishi Xforce. Apart from the compact SUV, the cars that are the backbone of sales are the Xpander (including the Xpander Cross) and the Pajero Sport. (Source : Otodetik). Comment : We think most of big brand will record better sales volume in Feb24 and thus will impacting to overall ‘1Q24F total 4W sales. Yet, we also believe that interm of market share, Toyota and Daihatsu will remain on the top while Mitsubishi lilely to continue compete with Honda and Suzuki. Maintain our OW stance on automotive sector.