President to invite Toyota to invest more in Indonesia

Toyota uses local content comprising 74-94 percent in their products.

REPUBLIKA.CO.ID, JAKARTA -- President Joko Widodo (Jokowi) has planned to meet Toyota President Akio Toyoda to invite him to invest more in the automotive industry in Indonesia. Since 2015, within 2.5 years, Toyota's investment had increased Rp22.7 trillion, President Jokowi stated while witnessing the export dispatch of Toyota vehicles at the IPC Car Terminal, Tanjung Priok Seaport, here, Wednesday.

Toyota has surpassed the export of one million cars to Asian, African, Latin American, Middle Eastern, European, and Australian markets in 2018. The head of state lauded Toyota for manufacturing cars in Indonesia and exporting them to international markets. This year, Toyota has set a target of exporting some 217 thousand cars from Indonesia, he remarked.

Jokowi also lauded the Japanese car manufacturer for using local content comprising 74-94 percent in their products. He expressed hope that the use of local content by Toyota would help boost local industries.

The president was accompanied by First Lady Iriana, Coordinating Minister for Economic Affairs Darmin Nasution, Industry Minister Airlangga Hartarto, and Transportation Minister Budi Karya Sumadi while witnessing the export dispatch.

Based on data of PT Toyota Motor Manufacturing Indonesia, the company has exported Fortuner, Kijang Innova, Vios, Yaris, Sienta, Avanza, Rush, Agya, and Townace. The highest exports were recorded in 2017, with a total of 199 thousand cars.

During the January-July 2018 period, Toyota had exported a total of 117,200 cars, an increase of 1.3 percent, from 115,800 cars during the same period in 2017.

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