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Article: INDONESIAN MOTORCYCLE SALES PREDICTED TO SHRINK THIS YEAR.
- Article from:
- AsiaPulse News
- Article date:
- July 2, 2009
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JAKARTA, July 2 Asia Pulse - The capacity utilization of Indonesia's motorcycle industry is forecast to sink to a seven year low with production estimated to reach only 58 per cent of the total capacity of 7.5 million.
The association of motorcycle industries (AISI) said last year, the capacity utilization was 84 per cent of the same production capacity.
AISI chairman Gunadi Sindhuwinata said demand for motorcycle has declined so far this year compared with last year.
Based ...