Video: Oil Prices Surge, Commercial Vehicle Manufacturers Target EV Market

Jakarta, CNBC Indonesia - The turmoil in the Middle East is cited by PT Sokonindo Automobile CEO Alexander Barus as a sentiment pressuring the manufacturing industry, including automotive, in Indonesia, which may result in a correction to the 1 million vehicle sales target for 2026.

Specifically for commercial vehicle sales produced by PT Sokonindo Automobile, market demand in January-February 2026 remained stable compared to the previous year. However, in March 2026, customers began a ‘wait and see’ action, postponing purchases while monitoring developments in the Iran vs US and Israel war.

On the other hand, the rise in crude oil prices due to the war presents an opportunity for automotive manufacturers to increase sales of electric commercial vehicles.

What is the impact of the war on the commercial automotive industry? For more details, watch the dialogue between Dina Gurning and PT Sokonindo Automobile CEO Alexander Barus in AutoBizz CNBC Indonesia (Tuesday, 07/04/2026).