Indomobil sales drop

Indomobil sales drop

BANDUNG (JP): Car maker Indomobil's sales dropped to 60,000
vehicles last year from 70,000 in 1995, managing director Gunadi
Sindhuwinata said yesterday.

Gunadi attributed the drop to the 14 percent decline in the
domestic automobile markets last year.

"The low purchasing power of customers was the cause of the
market decline," he said, dismissing assumptions that the
introduction of cheaper national cars last year caused the drop.

Indomobil is currently raising the production of car
components at home to increase the local content of the cars it
assembled. (ahy/02)