Indonesian Vehicles Market in 2026 is expanding. YTD sales up to February grew by 9.3%, with BYD gaining the most among top brands. The chinese carmakers also secured 63.6% of the EV segment.
Economic Environment
2026 forecasts indicate global GDP growth holding at 2.9%, reflecting resilience despite rising geopolitical tensions. Growth is expected to edge up slightly to 3.0% in 2027, supported by strong technology investment, easing tariffs, and momentum carried over from 2025. However, the ongoing Middle East conflict is creating substantial uncertainty, particularly through disruptions to energy supply routes like the Strait of Hormuz. These disruptions have driven energy prices higher, increasing production costs, weakening demand, and adding inflationary pressure worldwide.
As a result, G20 inflation is projected to reach 4.0% in 2026, significantly higher than earlier expectations, before easing to 2.7% in 2027. The outlook assumes that energy price spikes are temporary, but prolonged disruptions could reduce global GDP and further increase inflation. More broadly, the global economy faces a delicate balance between supply-driven inflation shocks and underlying growth momentum. Policymakers must carefully manage monetary policy and maintain fiscal discipline while providing targeted support to cushion the impact on households and businesses.
Automotive Industry Trend and Outlook
The Indonesian vehicle market started 2026 off strong. After growing 6.7% in January, YTD sales up to February surged 9.3% to 147,606 units.
Band-wise, the leader was still Toyota with a 28.9% share (-8.3%), followed by Daihatsu with a 17.6% share (+18.3%), Mitsubishi -up 1 spot- with 9.4% (+18.7%) and Suzuki -up 1 spot- (+27.8%).
BYD -up 5 spots- ranked in 5th (+279.3%), followed by Honda -down 3 spots- in 6th (-41.4%). Jaecoo surged into 7th, followed by Mitsubishi Fuso in 8th (+14.9%), Isuzu -down 2 spots- in 9th (+0.2%) and Hino -down 1 spot- in 10th (+12.4%).
Looking at specific models, reported in the dedicated article, the Daihatsu Gran Max PU became the best seller growing 31.5% and 3 spots. Last year’s leader, the Toyota Kijang dropped 1 spot in 2nd (-20.6%).
EV Market Trend and Outlook
The Indonesian EV segment continues to expand, growing 69.5% up to February 2026 to about 10%. Despite some headwinds due to the removal of some incentives, the 3rd largest EV segment in the ASEAN is forecasted to keep growing driven by affordable prands and investment in local plants.
BYD was still the new leader, rising 279.3% while securing 63.6% of the market. Aion surged 5 spots in 2nd, growing 538.4% while Geely surged 11 spots into 3rd.
Medium-Term Market Trend
Starting in 2014, the Indonesian vehicle market stabilized between 1.0 and 1.2 million units after rapid early-decade growth led to saturation. A modest 5% decline in 2019 was followed by a sharp pandemic-driven contraction in 2020, when sales fell to 582,730 units due to factory shutdowns and distribution disruptions.
The market rebounded strongly in 2022, growing 21.4% on the back of government stimulus and pent-up demand, but momentum weakened thereafter, with sales declining 4.1% in 2023 and dropping further to 864,543 units in 2024 (-14%) and 804,202 in 2025 (-7%), partly due to persistent supply chain issues such as semiconductor shortages.
In contrast, the electric vehicle segment expanded rapidly, supported by government incentives and the growing presence of Chinese manufacturers, with EV sales reaching 35,306 units in 2024 (+111.1%) and surging to 99,755 in 2025 (+182.5%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.
