Toyota Expects Indonesia Upturn

January 2007 | Company Finance Alert

Japan's Toyota expects a return to health for the Indonesian new vehicle market in 2007 and is confident of claiming around 34% of sales. The market contracted by 40% to 318,876 units in 2006, while Toyota Astra Motor bucked the trend to increase its market share to 38.8% from 34% in 2005. However, Toyota Astra president Johnny Darmawan claimed that this performance was 'too good to be true' and that a share of between 34% and 35% is more attainable in 2007, when the company projects market growth of between 10% and

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