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Automotive Industry Accelerates Localization as Component Manufacturing Expands

Automotive Industry Accelerates Localization as Component Manufacturing Expands

Indonesia
Market Insight

Indonesia’s automotive sector is achieving unprecedented levels of domestic content in vehicle production, according to ProSpace Indonesia’s Automotive Industry Report. Local components now account for 86% of production value in domestically assembled vehicles, up from 74% in 2023.
The localization push has created an estimated 45,000 new jobs in the component manufacturing ecosystem while reducing import dependency. Major international automakers have established or expanded component manufacturing facilities, with Japanese and Korean companies leading investments totaling $1.9 billion over the past 18 months.
“We’re witnessing the maturation of Indonesia’s automotive manufacturing capabilities,” explains Hendri Wijaya, Automotive Industry Specialist at ProSpace. “The component ecosystem now offers quality and cost advantages that make Indonesia increasingly attractive as a regional production hub.”
Electronic components show the strongest localization growth, with local production of wire harnesses, sensors, and control units expanding by 63% since 2023. Meanwhile, battery production capacity has tripled to support growing electric vehicle assembly.
Vehicle production reached 1.45 million units in 2024, with domestic sales accounting for 65% and exports reaching 490,000 units, primarily to Southeast Asian and Australian markets. The government’s tax incentives for locally produced vehicles have effectively stimulated demand while supporting the manufacturing ecosystem.
Challenges include adapting to rapid technological changes and developing specialized engineering talent needed for advanced component production.
For automotive market analysis: Phone: +62 21 5799 8989 Email: info@prospaceindonesia.com Follow @prospace.indonesia on Instagram for updates

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Africa
Business News

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These mechanisms have mobilized over $8.5 billion in climate-aligned investments during 2024, with particularly strong flows into distributed solar, green transportation infrastructure, and resilient agricultural systems.
“Africa’s climate finance landscape has evolved significantly beyond grant funding to create genuine investment opportunities with attractive returns,” explains Dr. Kofi Mensah, Sustainable Finance Director at ProSpace Indonesia. “The most successful approaches combine climate impact with clear commercial models addressing Africa’s development priorities.”
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For information on African climate finance opportunities, contact ProSpace Indonesia at +62 877 8887 7678 or email info@prospaceindonesia.com. Follow @prospace.indonesia on Instagram for insights on Africa’s evolving sustainable finance landscape.

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Indonesia
Market Insight

Traditional banking institutions in Indonesia are facing unprecedented competition as fintech adoption rates surge across the country. A new study by ProSpace Indonesia reveals that 47% of Indonesian banking customers now use at least one fintech service regularly, up from 31% in 2023.
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Traditional banks are responding with digital transformation initiatives, with the top five banks allocating an average of 15% of operational budgets to technology investments this year—double the amount from 2023.
The ultimate winners may be Indonesian consumers, who now enjoy more financial options, lower fees, and improved access to credit and investment opportunities.
For more information: Phone: +62 21 5799 8989 Email: info@prospaceindonesia.com Follow @prospace.indonesia on Instagram for updates