Honda Sees 20% Industrywide Sales Jump on Indonesian Tax Amnesty

Updated on
  • Carmaker’s forecast growth rate would be sharpest since 2012
  • Central bank predicts reprieve will lure $43b back to nation

Indonesia’s tax amnesty could boost industrywide car sales in the country by a fifth as people spend their newly declared wealth on big-ticket items, according to the local unit of Honda Motor Co.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.