Jakarta, CNBC Indonesia – The United States dollar exchange rate has been flying in recent times. The impact can spread to various things, including the automotive industry, namely the increase in raw materials for vehicle components which leads to an increase in car prices.
However, Daihatsu has no plans to increase prices due to the increase in the dollar exchange rate.
“Currently there are no (plans to increase prices), not yet,” said Marketing Director & Corporate Planning and Communication Director of Astra Daihatsu Motor Sri Agung Handayani in Tokyo, Japan, Thursday (26/10/23).
Even though they bear the increase in raw material costs, especially for imported raw materials, manufacturers cannot immediately increase the selling price of cars. The reason is, there are many factors that determine the price increase.
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Photo: Daihatsu All New Xenia car at the Gaikindo Indonesia International Auto Show exhibition Gaikindo Indonesia International Auto Show at ICE BSD, Tangerang, Banten, Thursday (10/8/2023). (CNBC Indonesia/Faisal Rahman)
Daihatsu All New Xenia car at the Gaikindo Indonesia International Auto Show exhibition Gaikindo Indonesia International Auto Show at ICE BSD, Tangerang, Banten, Thursday (10/8/2023). (CNBC Indonesia/Faisal Rahman) |
“It’s only been a few weeks since we can’t just have a single exchange rate determine, for example, material costs, we can’t adjust it that quickly in a short time because we have commitments with customers,” he said.
Moreover, most of the vehicles produced by ADM have a relatively high Domestic Component Level (TKDN), especially for vehicles in the Low Cost Green Car (LCGC) segment.
“This factor is not just a single factor because we have localized 80% of our Daihatsu vehicles, let alone LCGC, we have two Sigra and Ayla. Others have also been localized, Xenia-Terios. So the factor is not only that,” said Agung.
Meanwhile, the Rupiah has continued to collapse against the United States (US) dollar in recent times. Reporting from Refinitiv, the rupiah had penetrated the psychological level of IDR 15,900/US$ and even in the middle of trading had touched IDR 15,940/US$ or weakened 0.47%. The current position of the rupiah is the weakest since April 8 2020 or around the last 3.5 years.
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Originally posted 2023-10-27 10:30:00.