Indonesian Automotive Sector Shows Mixed Results in Q3 2025

Revenue Performance Highlights

The Indonesian automotive industry demonstrated varied financial performance through September 2025, with companies reporting different growth trajectories. Some firms like PT Astra Otoparts Tbk (AUTO) and PT Indomobil Sukses Internasional Tbk (IMAS) managed to achieve single-digit revenue growth ²

. In contrast, major industry players such as PT Astra International Tbk (ASII) and PT Gajah Tunggal Tbk (GJTL) experienced notable revenue declines ²

Source 2

https://investasi.kontan.co.id/news/permintaan-lemah-kinerja-emiten-otomotif-melaju-moderat

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Source 3

https://industri.kontan.co.id/news/cars-catat-penurunan-kinerja-hingga-kuartal-iii-2025

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Company-Specific Performance

PT Industri dan Perdagangan Bintraco Dharma Tbk (CARS) reported a 1.35% year-on-year decline in net profit to Rp135.01 billion for the nine months ending September 2025. This decrease was primarily attributed to a 23.93% drop in revenue to Rp3.46 trillion ¹

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Other companies showed mixed results:

• PT Astra Otoparts (AUTO): Single-digit revenue growth
• PT Indomobil Sukses Internasional (IMAS): Single-digit revenue growth
• PT Astra International (ASII): Revenue decline
• PT Gajah Tunggal (GJTL): Revenue decline
• PT Garuda Metalindo Tbk (BOLT): Double-digit revenue growth ²
  Source 2

  https://investasi.kontan.co.id/news/permintaan-lemah-kinerja-emiten-otomotif-melaju-moderat
  ³
  Source 3

  https://industri.kontan.co.id/news/cars-catat-penurunan-kinerja-hingga-kuartal-iii-2025

Market Implications

The varied performance reflects broader market challenges facing the Indonesian automotive sector. Weak demand has contributed to the mixed results, with some companies struggling to maintain growth momentum ²

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