Indonesian Bus Body Manufacturers Struggle Amid Economic Challenges

Declining Demand and Rising Competition

The Indonesian bus body manufacturing industry is facing significant headwinds this year, primarily due to declining demand and increasing competition from Chinese imports. PT Adiputro Wirasejati, a major player in the industry, has reported that its business target realization has been around 45%-48% so far this year. According to David Jethrokusumo, Director of Adiputro, the main reason behind this underperformance is the substantial drop in demand for tourist bus bodies.

Economic Factors Contributing to the Downturn

The current economic conditions have led to reduced purchasing power, affecting various sectors including tourism. The tourism sector, which is a significant consumer of bus body manufacturing services, has seen a downturn, resulting in decreased demand for related vehicles. David Jethrokusumo noted that while demand from certain segments has disappeared, others continue to operate normally.

Industry Outlook

The bus body manufacturing industry in Indonesia is expected to remain challenging in the near term. Companies will need to adapt to the changing market conditions and explore new opportunities to remain competitive. The rise of Chinese imports adds another layer of complexity, as local manufacturers must innovate and improve efficiency to compete effectively.