Indonesia August Vehicle Sales Jump 32% on Trucks and EVs

IndustryMacro
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Summary · why it matters

Indonesian new vehicle sales rose 32% year-on-year to 81,756 units in August 2026, up from 61,771 units a year earlier, according to wholesale data from the local automotive industry association Gaikindo. For the first eight months of 2026, the market expanded 20% to 599,491 units, with light passenger vehicle sales up over 13% to 437,374 units and commercial vehicle sales up 42% to 162,117 units, including a 54% surge in light- and medium-duty trucks to 131,813 units. Battery electric vehicle sales nearly doubled to 103,300 units year-to-date from 53,100 units, driven by Chinese brands and government tax incentives. Toyota led the first eight months with sales up 9% to 175,931 units, followed by Daihatsu at 100,884 units, Suzuki at 47,908 units and Mitsubishi Motors at 43,753 units, while BYD jumped 98% to 37,696 units to take fifth place ahead of Honda, which fell 37% to 26,437 units. Overall vehicle production rose 13% to 859,256 units in the period, and GlobalData forecasts Indonesia light vehicle sales to rise 3% to 770,000 units in 2026 from 750,000 units in 2025, easing to 765,000 units in 2027.

Impact on stocks 6

Electrification & Mobility± Mixed · 4 stocks
Toyota Motor Corp.
7203
▲ PositiveDemandrelevance

Toyota led Indonesia's first eight months with sales up 9% to 175,931 units.

Honda Motor Co., Ltd.
7267
▼ NegativeCompetitionrelevance

Honda fell 37% to 26,437 units and was overtaken by BYD for fifth place in Indonesia.

Suzuki Motor Corp.
7269
▲ PositiveDemandrelevance

Suzuki ranked third with 47,908 units sold in Indonesia's expanding market.

Cloud & Digital Infrastructure▲ · 1 stocks
Others▲ · 1 stocks
BYD Co Ltd Class A
002594
▲ PositiveDemandrelevance

BYD sales jumped 98% to 37,696 units in Indonesia, taking fifth place, driven by Chinese brands and EV tax incentives.

Theme Impact 3

Off-coverage companies 1

Daihatsu Motor Co., Ltd.Private▲ Positive
Demandrelevance

Daihatsu ranked second in Indonesia with 100,884 units sold in the first eight months as the market expanded 20%.

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