$ASII $AUTO

Recollection what has been happening in Indonesia automotive sector in 2025:

- EVs are gaining more market share, EV sales in Indonesia is now 10% of total car sales. Thanks especially to BYD (M6&sealion) and Denza D9

- Car sales in Indonesia is still in decline as of 5M25 due to weak purchasing power.

- EVs market has started turning into a red ocean, with some ev cars start agressively cutting price.

- Honda which just launched hybrid HRV surprised market with a price cut (which happens rarely to japanese car). > sign of price war?


This is not good