Indonesian Gas-Guzzlers May Blunt Widodo’s Fuel Policy: Economy
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At the Indonesia International Motor Show last week, car marketer Pankaj Jain didn’t have much cause for worry that an impending fuel-price increase by incoming President Joko Widodo would harm sales.
People “buy bigger” in Indonesia, Jain said, raising his voice over the blare of a stereo as thousands inspected the latest models at a show dominated by sturdy sport utility vehicles and boxy multi-purpose cars. “Here, the MPV market is close to 60 percent, while in India it’s very small,” said the marketing director at Tata Motors Ltd.’s local unit.