The Daya Anagata Nusantara Investment Management Agency (Danantara)\nis currently exploring opportunities for cooperation with TVS Motor\nCompany to develop new energy-based two-wheeled vehicles in Indonesia.\nThis collaboration encompasses the development of electric motorcycles\nas well as ethanol-based vehicles.<\/p>\n
The plan emerged after Danantara CEO Rosan Roeslani accompanied\nPresident Prabowo Subianto in receiving a delegation from TVS Motor\nCompany at the Merdeka Palace, Jakarta, on Thursday, 17 September 2026.\nThe meeting served as part of the discussions regarding new cooperation\nopportunities between Danantara and the Indian automotive company.<\/p>\n
Rosan stated that the meeting with TVS was held in an exploratory\nmanner. The TVS CEO attended the meeting with President Prabowo to\ndiscuss several potential areas of cooperation that could be developed\nin Indonesia. \u201cWe discussed plans and the possibility of cooperation.\nThe principals and the CEO attended, but it was more of a courtesy visit\nto the President,\u201d said Rosan.<\/p>\n
According to Rosan, TVS is not a new investor in Indonesia. The\ncompany has been conducting business in the two-wheel and three-wheel\nsectors for many years and maintains a production base in Karawang, West\nJava.<\/p>\n
TVS Prepares Factory Expansion<\/strong><\/p>\n The planned cooperation with Danantara is also linked to TVS\u2019s plan\nto expand its investment in Indonesia. The factory expansion is being\nprepared to support the development of new products, including electric\nvehicles and vehicles using ethanol fuel.<\/p>\n Rosan noted that the development of ethanol-based vehicles was one of\nthe interesting aspects of the discussion. In addition to electric\nmotorcycles, this alternative fuel technology is considered a vital part\nof the future development of the Indonesian automotive industry.<\/p>\n \u201cThe cooperation is planned for the electric motorcycle and\nethanol-based motorcycle sectors,\u201d said Rosan.<\/p>\n The involvement of universities will also be encouraged in the\ndevelopment of this technology. Danantara plans to create space for\ncollaboration between universities, TVS, and the industrial ecosystem to\nconduct research and vehicle development. Collaboration with educational\ninstitutions could include the development of vehicle technology,\ncomponents, and human resources. Thus, product development would not\nonly be oriented towards production activities but also towards building\ndomestic technological and research capabilities.<\/p>\n For Indonesia, the development of electric and alternative fuel\nvehicles is also related to efforts to expand technological options in\nthe transport sector. Two-wheelers represent a segment with a large user\nbase, making technological development in this segment achievable\nthrough simultaneous industrial and research approaches.<\/p>\n TVS Investment Reaches USD 250 Million<\/strong><\/p>\n TVS Motor Company has been investing in Indonesia since 2006 through\nPT TVS Motor Company Indonesia (TMCI). Throughout its operations, the\ncompany\u2019s investment has continuously increased to meet various business\ndevelopment needs.<\/p>\n Total investment by TVS in Indonesia is reported to have reached\napproximately USD 250 million, or about IDR 4.2 trillion. This value\nincludes investment in the construction and development of production\nfacilities, technology, job creation, and various supporting\nprojects.<\/p>\n The Director of PT TMCI, Rajesh Ramani, stated that TVS\u2019s investment\nin Indonesia at its inception was around USD 50 million. Since then, the\ncompany has gradually increased investment to expand its operational\nactivities. \u201cAt the beginning, we invested about USD 50 million. Over\nthe last 18 years, we have continued to invest annually in various\nprojects, bringing the total investment to USD 250 million,\u201d said\nRajesh.<\/p>\n This investment has also impacted the industrial ecosystem\nsurrounding TVS\u2019s operations. The company currently employs\napproximately 700 people across various sectors. In addition to direct\nlabour, TVS noted that its business activities involve around 5,000\nfamilies indirectly, connected through a network of suppliers,\ndistributors, contractors, and other business partners in Karawang and\nother regions in Indonesia.<\/p>\n TVS Production Hits 1 Million Units<\/strong><\/p>\n TVS\u2019s investment journey in Indonesia is also marked by reaching a\nproduction milestone of 1 million vehicle units in 2026. These vehicles\nare produced through the TVS facility in Karawang, West Java. The\nproducts from this facility are not only intended for the domestic\nmarket; a portion of production is also exported to approximately 30\ntarget countries.<\/p>\n This production achievement serves as a foundation for the company\u2019s\nplan to expand manufacturing activities in Indonesia. With established\nproduction experience and export networks, the expansion into electric\nvehicles and ethanol technology can be carried out using existing\noperational facilities.<\/p>\n The cooperation being explored with Danantara opens new avenues for\ntechnological development. Beyond manufacturing investment, the focus of\nthe cooperation is directed towards product and technology development\ninvolving universities and the national industrial ecosystem.<\/p>\n For Danantara, the exploration with TVS is part of an effort to\nexpand investment opportunities in sectors related to energy\ntransformation and industry. For TVS, Indonesia remains a vital base for\nproduction and business development activities in the region.<\/p>\n The next stage of this cooperation will depend on further discussions\nbetween both parties. However, the announced agenda indicates two\nprimary areas of focus: the development of electric motorcycles and\nethanol-based vehicles.<\/p>",
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