Automotive - Motorcycle sales in Indonesia July 2024 Skyrocket, exports set record

Automotive - Motorcycle sales in Indonesia July 2024 Skyrocket, exports set record The Indonesian Motorcycle Industry Association (AISI) announced sales of two-wheeled vehicles during July 2024 in Indonesia. As a result, the numbers skyrocketed and became the highest this year. According to the official AISI website, Saturday (10/8), motorcycle sales in Indonesia during July 2024 were recorded at 598,844 units. The nominal value increased by 87,746 units compared to the previous month. In total, domestic motorbike sales during 2024 have reached 3,769,838 units, and approximately 1.5 mn more units are needed to reach the target set by AISI, namely 6.2 mn units a year. If you look at the trend, this target does not seem difficult to achieve. (Source : oto.detik.con) Comment : Both Jul24 and 7M24 2W sales came in within our ‘24F expectation for motorcycle, with a run rate of 60.3%/59.0%. Following target revision from AISI We kept our ‘24F 2W sales at 6.24mn unchanged. Maintain our Overweight stance for automotive sector.