The Indonesian government is strategically prioritizing the development of its automotive industry through the "Making Indonesia 4.0 Roadmap," with a dual focus on bolstering domestic services and expanding global market reach. Competing with Malaysia and Thailand within ASEAN, Indonesia's automotive component sector is sustained by around 1,500 companies of varying scales, strategically located in key production hubs such as DKI Jakarta, Banten, West Java, Central Java, and East Java. This industry's growth is intricately tied to national motor vehicle production, which amounted to 1.4 million cars and 6.24 million motorcycles in the previous year, according to Gaikindo and AISI. The domestic sales targets for 2024 include 1.1 million cars and an estimated 6.5 million motorcycles. The Ministry of Industry notes the presence of 22 four-wheeled motor vehicle companies, contributing a substantial investment value of IDR 99.16 trillion and providing employment for 38.39 thousand people. In the two/three-wheeler sector, 26 companies with an investment of IDR 10.05 trillion employ up to 32,000 individuals.

In line with the industry's growth, PT Bank Danamon Indonesia Tbk, alongside Adira Finance and MUFG Bank Ltd., plays a crucial role in offering comprehensive financial solutions. This collaborative effort not only benefits both retail and corporate segments within the automotive value chain but also strengthens the entire industry from upstream to downstream. Andrew Suhandinata, Transaction Banking Head at PT Bank Danamon Indonesia Tbk, underscores the industry's vital role in the nation's economy. Danamon's notable credit growth in 2023, reaching IDR 174.9 trillion, with a specific 15% increase in the Enterprise Banking & Financial Institution segment to IDR 78.8 trillion, signifies substantial financial support. The partnership with Adira Finance has resulted in increased credit and automotive financing, demonstrating the tangible impact of financial collaborations in fostering growth within the automotive industry. This strategic synergy, further fortified by collaboration with MUFG, positions the automotive sector as a cornerstone in driving Indonesia's economic advancement, backed by robust financial solutions and collaborative stakeholder efforts.

source: https://dialeksis.com/otomotif/industri-otomotif-dukung-penerapan-revolusi-industri-40-di-indonesia/