Indonesia’s domestic motorcycle sales dropped strongly in October 2020 due to impacts of COVID-19 pandemic, according to the Association of Indonesia Motorcycle Industry (AISI).
Jakarta, December 3 (VNA) – Indonesia’s domestic motorcyclesales dropped strongly in October 2020 due to impacts of COVID-19 pandemic,according to the Association of IndonesiaMotorcycle Industry (AISI).
The associationreported that 3,17,830 motorbikes were distributed to domestic distributors inthe month, a fall of 16.85 percent over September and 46.85 percent compared tothat in the same period last year.
In theJanuary-October period, the total number of motorcycles that the AISI providedto the distributors were over 3.19 million units, down 42.11 percent year onyear.
Although the AISIstatistics did not reflect the accurate sales of the domestic market, due toCOVID-19 pandemic, the market did not enjoy rise that is normally seen in previousyears.
The associationexplained that social distancing has greatly impacted the production andbusiness activities of the sector. Many workers have become unemployed due tothe closure of factories. At the same time, financial capacity of creditinstitutions has become weaker due to the pandemic, it added./.
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