JAKARTA : Indonesia's industry ministry said on Wednesday Japanese carmaker Mitsubishi Motors was planning to invest 5.7 trillion rupiah ($375.25 million) in 2024 to expand its production capacity in the country. The company planned to increase its production capacity to up to 250,000 units per year in 20
JAKARTA : Indonesia's industry ministry said on Wednesday Japanese carmaker Mitsubishi Motors was planning to invest 5.7 trillion rupiah in 2024 to expand its production capacity in the country.
Indonesia has been offering incentives to attract investment into production of EVs. The government is considering to remove import duty and value added tax on completely built up EVs for companies investing in domestic EV plants, industry minister Agus Gumiwang Kartasasmita said. A Mitsubishi spokesperson said executives from its Tokyo headquarters on Wednesday met with Agus for talks, declining to comment further.
Mitsubishi has already taken a big hit in China, where its joint venture with Guangzhou Automobile Group has cut staff after production of Mitsubishi's new Outlander sports utility vehicle was halted months after its launch in December.
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