JakartaGlobe-Sept 14
Wijaya Karya, a state-controlled construction company and electric motorcycle maker, plans to introduce a cheaper two-wheeler than what the company currently produces, cementing its leading position in the nascent industry. The company, also known as Wika, today makes electric motorcycles under the Gesits brand, which it claims controls 26 percent of the total market share of all-electric motorcycles in Indonesia. “We will produce motorbikes that are cheaper than the current ones so that they can be achieved by the general public,” Wijaya Karya’s president director, Agung Budi Waskito, said on Tuesday. A Gesits motorcycle is sold at Rp 28.7 million ($1,924) on the road in Jakarta, which is about a tenth of the province’s annual per capita income. At that price, Gesits is more expensive than Honda beat, Indonesia’s best-selling gasoline-fueled scooter. He said the company produces Gesits electric motorcycles through its subsidiary, Wijaya Karya Industri dan Konstruksi (Wikon). Agung said the electric motorcycle business has a bright future, so the company was committed to continuing its marketing. Today, electric motorcycles contribute only a tiny part of Indonesia’s motorcycle market. Total electric motorcycle sales in 2021 were only about 12,000 units or just 0.24 percent of last year’s motorcycle sales. The government has set a target to reach one million electric motorcycle sales in 2026, or about one-sixth of the projected market size. The domestic manufacture of electric motorcycles is currently limited to local companies. The multinationals Honda and Yamaha, which account for 97 percent of Indonesia’s motorcycle market, have not yet stepped into the nascent space. Read more at: https://jakartaglobe.id/business/wika-to-introduce-less-expensive-electric-motorcycle
