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President Joko Widodo announced the export of Fortuner vehicles on Tuesday (15 February 2022) Fortuner PT Toyota Motor Manufacturing Indonesia and Fortuner Prime to Australia.
The automotive industry plays an important role in economic growth, especially during the pandemic. This industry already has a deep supply chain from upstream to SME level, absorbs 1.5 million workers and becomes an import substitute.
Currently, Indonesia's car exports have reached 80 countries on four continents. This shows the ability of human resources to produce cars with good export quality. The high local resources provided by SMEs also have a positive impact on the rise of domestic SMEs.
The Minister of Industry and President Joko Widodo accompanied the achievement of exports of 2 million units and the launch of the first export of PT Toyota Motor Manufacturing Indonesia (TMMIN) to Australia. In his report, the Minister of Industry to the President noted that this is one of the milestones for the revival of Indonesian automotive products that meet world-class products.
For the investment value itself, the automotive industry will record IDR 22.5 trillion in 2021, an increase of 220% compared to investment performance in the previous year. Meanwhile, the Toyota Group has decided to increase its investment by Rs 28.3 trillion by 2024. And in terms of increasing added value, the Ministry of Industry continues to accelerate the deepening of the automotive industry structure, increasing the cost of internal parts level (ICIT) or local purchases. Indonesian car.
Therefore, the government is very concerned about the development of the automotive industry through various incentives. For this reason, the Minister of Industry would like to thank President Joko Widodo for all his support and direction to revive the automotive industry in the midst of a pandemic, especially through the reduction of the Sales Tax on Government Luxury Goods (PPnBM DTP).
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