Indonesian Political, Business & Finance News

Astra to launch 1,000-cc car

| Source: AGENCIES

Astra to launch 1,000-cc car

JAKARTA: Indonesia's largest automotive company, PT Astra International, plans to launch a Toyota passenger vehicle with an engine capacity of 1,000 cc in January, an official with the company said on Friday.

"The new vehicle will be the small version of the Toyota Kijang," the official, who declined to be named, told Dow Jones Newswires.

The Toyota Kijang is Astra's best selling minivan produced with Japan's Toyota Motor Corp. Kijang is sold with engine sizes of 1,600 cc, 1,800 cc and 2,000 cc and 2,400 cc.

Astra's move to launch the new model is aimed at capturing the growing market for passenger vehicles with engine sizes of between 800 cc and 1,000 cc.

Singapore's Cycle & Carriage Ltd. owns a 34.3 percent stake in Astra.

Astra's move to launch the new model is aimed at capturing the growing market for passenger vehicles with engine sizes of between 800 cc and 1,000 cc. -- Dow Jones

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