Indonesian Industry Minister Agus Gumiwang Kartasasmita recently stated that global automotive parts and aftermarket sectors are growing significantly. This growth stems from technological advances, product iterations, changing consumer preferences, and rising e-commerce. By 2027, the global automotive parts e-commerce market is expected to reach $200 billion, with an average growth rate of 14% from 2023 to 2027. He urged Indonesian businesses to seize this growth opportunity. From January to August 2024, Indonesia’s automotive sector achieved a 2.5% growth. Domestic sales of four-wheel vehicles reached 560,000 units, with 296,000 units exported. Additionally, 30,000 assembled vehicles were exported. This indicates stability in Indonesia’s transportation equipment sector. However, Indonesia has not yet become a major player in the global automotive aftermarket. In the global aftermarket distribution, China leads with a 34% market share. The United States, Germany, Japan, Italy, South Korea, Mexico, France, India, and the United Kingdom follow. In the Philippines, total sales from January to September reached 344,000 units, marking a 9.4% year-on-year increase.
The Philippine Automotive Manufacturers Association and the Truck Manufacturers Association report that in September 2024, members sold 39,542 vehicles. This marks a 2.4% year-on-year increase and a 1% month-on-month increase. From January to September, total sales reached 344,000 units, up 9.4% from last year. Passenger car sales hit 90,765 units, making up 26.36% of total sales. CAMPI President Rommel Gutierrez credits the sales growth to ample inventory and support from brand promotions. In terms of best-selling brands, Toyota leads with a market share of 46.21%. Chinese brand SAIC Motor sold 6,447 vehicles in the first nine months, ranking ninth in sales. GAC Motor has become the second best-selling Chinese brand in the Philippines, currently operating 29 dealerships and planning to expand to 38 by the end of the year. In Malaysia, the country will host the New Energy Electric Vehicle and Charging Station Exhibition. The event, EMA 2024, will take place from November 12 to 14 at the Kuala Lumpur Convention Centre. The theme is “Electrifying the Future: Transitioning Innovations to Mobility.” Malaysia aims to become an electric vehicle hub and sees electrification as a key lever in its energy transition roadmap to achieve greenhouse gas emission reduction. By 2050, public transport will achieve 60% greening. Electric vehicles will make up 80% of car sales. Malaysian Minister of Investment, Trade, and Industry, Tengku Zafrul, announced Malaysia aims for 10,000 electric vehicle charging stations by the end of 2025. Currently, Malaysia operates 3,171 public charging stations. Among these, 2,358 are AC chargers and 813 are DC fast chargers. In Thailand, Great Wall Motors increases investment and commits to long-term operations. Parker Qi, Chairman of Great Wall Motors International Market, stated the company has invested over 12 billion baht in Thailand. They plan to boost investment in the next three years, totaling over 23 billion baht. This investment will build factories, produce new models, and develop batteries to support Thailand’s growing market. Next, Great Wall will make Thailand a center for producing and exporting right-hand drive vehicles. They aim to export these vehicles worldwide. This marks a significant strategic shift. The company will pursue long-term investments and various strategic adjustments to thrive amid economic slowdown and intense competition. They will continue providing excellent products and services to the Thai people. Currently, vehicles produced in Thailand are already exported to Vietnam and Indonesia. This year’s total export volume reached 10,000 units, with plans to increase to 20,000 units next year.