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Indonesia ventures in cheap, green car market

Indonesia has the potential to be a major player in the low-cost, green car regional market if the government goes ahead with its plan to provide tax incentives and other support for the production of low-cost, environmentally friendly vehicles, according to Frost & Sullivan, a prominent global research firm.

The government-backed low-cost car and green car project would serve as a game changer, changing the landscape of the domestic industry and boosting car sales, both in the domestic and overseas markets in the long term, said Vivek Vaidya, the firm’s vice president for automotive and transportation practices in the Asia Pacific, on Thursday.

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