Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Daihatsu Gains on Sales of Indonesian Low-Cost Cars: Tokyo Mover

Sept. 10 (Bloomberg) -- Daihatsu Motor Co. rose the most in four weeks in Tokyo trading as the automaker and parent Toyota Motor Corp. began selling models suited for Indonesia’s incentive program for fuel-efficient vehicles.

Shares of Daihatsu gained 3.5 percent, the most since Aug. 13, to 1,950 yen,at the close in Tokyo trading. The benchmark Nikkei 225 Stock Average added 1.5 percent.

Daihatsu’s new Ayla compact, sold as the Agya under Toyota’s brand, comes as the Indonesian government introduces subsidies and tax breaks for cheap, low-emission cars. The automaker based in Osaka, Japan that is about 51 percent owned by Toyota, plans to sell 4,000 Ayla cars a month, while Toyota targets monthly sales of 5,000 Agya models.

“Its cheap, and because there wasn’t a compact model like this in Indonesia before, Daihatsu may be creating an entirely new market,” Koichi Sugimoto, a Tokyo-based auto analyst at BNP Paribas SA, said. “The Indonesian government is pushing to expand the market with the incentives, and the model will be very important for Daihatsu.”

The Ayla will start from 76.1 million rupiah ($6,700), while Toyota’s Agya will start from 99 million rupiah, according to the companies. Both models will be built at Daihatsu’s factory in Indonesia.

To contact the reporter on this story: Anna Mukai in Tokyo at

To contact the editor responsible for this story: Young-Sam Cho at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.