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Indonesia by Muzaki is a document available to read on EtoBox.

Volvo is reducing its workforce amid a significant decline in car sales due to the COVID-19 pandemic, which saw a 90% year-over-year drop in Indonesia. Despite challenges like high logistics costs and political risks, Indonesia remains an attractive market for automakers due to low labor costs and its substantial nickel reserves for electric vehicles. Reviving consumer purchasing power is crucial for recovery, as a large percentage of car buyers rely on financing.

Author

Muzaki

Language

EN