Jakarta –
Industry Minister Agus Gumiwang Kartasasmita has leaked that the government will provide subsidies for the use of electric vehicles. This will also encourage the purchase of new electric motors and the conversion of engines from petrol engines to electric motors.
“For new electric motorcycles, the incentive is also around Rp. 8 million. Meanwhile, the conversion of motorcycles to electric motorcycles will receive incentives of around Rp. 5 million,” Agus said as quoted by YouTube’s Presidential Secretariat.
However, it has been explained that not all electric motorcycles will receive subsidies from the government. There are certain conditions for electric motorcycles to get subsidies.
“Incentives will be given to buyers who purchase electric cars or motorcycles that have factories in Indonesia,” said Agus.
So who are the EV players in Indonesia today? Launched by CNBC Indonesia, here are a number of companies manufacturing electric vehicles in Indonesia:
1. Indika Energy (INDY)
After being widely reported, Indika Energy President Director Arsjad Rasjid has finally exhibited an electric motorcycle at the Gaikindo Indonesia International Auto Show (GIIAS) arena. The motorcycle was built by PT Ilectra Motor Group (IMG), which operates in the electric two-wheeler (EV) sector under the ALVA brand.
Previously, INDY together with its subsidiary, PT Indika Energy Infrastructure, formed a company called PT Solusi Mobilitas Indonesia (SMI). The company’s equity stake in SMI is the company’s move to expand its business in the electric vehicle sector in Indonesia.
INDY owns 99.998% of shares worth IDR 49.99 billion, while the remaining 0.002% worth IDR 1,000,000 is owned by Indika Energy Infrastructure (IEI). Last year, INDY also founded PT Electra Mobilitas Indonesia (EMI). The value of the investment for the establishment of this company has reached Rp 40 billion.
2. FFB Main Energy (TOBA)
In addition, there is coal broadcaster PT TBS Energi Utama Tbk (TOBA), which formed a joint venture with ride-hailing giant Gojek in November last year to develop the electric motorcycle business in Indonesia.
The formation of the joint venture, among other things, this company will subsequently be engaged in motorcycle assembly, motorcycle trading, motorcycle repair and maintenance, financing, motor vehicle battery assembly to the supply of battery swap stations for public electric vehicles.
The joint venture was created to develop the Electrum electric vehicle ecosystem. TOBA has an ambitious goal, which is to be able to sell 500,000 electric motorcycles by 2025.
3. NFC Indonesia (NFCX) and M Cash Integration (MCAS)
PT M Cash Integrasi Tbk (MCAS), through its subsidiary PT NFC Indonesia Tbk (NFCX), of Kresna Group, has partnered with courier service company PT SiCepat Ekspres Indonesia (SiCepat) to enter electric vehicle business (EV) forming a joint venture company called PT Energi Always Baru (ESB).
The company said it will spend around Rp. 300 billion-Rp. 400 billion by 2023 to produce Volta electric motorcycles. Until the end of 2022, NFC Indonesia aims to produce electric motorcycles to reach 10,000 units.
4. Gaya Abadi Sempurna (SLIS)
If other issuers are just trying to enter the EV industry, PT Gaya Abadi Perfect Tbk (SLIS) is indeed focusing on the assembly of EVs, both E-Bikes and E-Motos. Furthermore, SLIS also has a line of business that trades electronic components, such as lamps and fans.
For electric bicycles, SLIS has a series of products, such as electric mopeds that can be used for daily needs, starting with the purchase of basic necessities at the market. In addition to electric mopeds, SLIS has also released e-bike products, aimed at mountain bike enthusiasts.
In addition to electric bicycles, SLIS also has a ‘master’ electric motorcycle, the E-Motor which looks like an automatic motorcycle. SLIS also has other types of electric vehicles from SPV name to scooters.
5. Wijaya Karya (WIKA) and IBC
Not only the private issuers, the state-owned issuers aka BUMN Karya PT Wijaya Karya Tbk (WIKA), through its subsidiary, has also entered the EV business by controlling the majority stake of the locally made electric motorcycle manufacturer, Gesits.
Wika’s subsidiary, PT Wijaya Karya Industri & Construction (WIKON), has acquired 10.66% shares in Gesits electric motor maker, PT Gesits Technologies Indo (GTI) from PT WIKA Industri Manufaktur (WIMA).
The Ministry of Industry aims for the production of electrified vehicles, including pure electric and hybrids, for four-wheeler and two-wheeler types, to exceed 2 million units in 2025. It consists of 400,000 four-wheelers and 1.76 million two-wheelers.
Currently, Indonesia Battery Corporation (IBC) controls 53.93% of PT Wika Industri Manufaktur (WIMA), electric motor maker Gesits.
6. Agung Pamungkas or Don Papank (Tangkas)
Agung Pamungkas (Tangkas), part of Pamungkas Group, is the sole owner of Tangkas brand electric motor, as well as the Indonesian master for U-Winfly brand electric vehicle products.
U-Winfly brand electric vehicle is now the market leader in Indonesia, with sales of 15,000 to 20,000 units per month in 2021, it was even called People’s Motor, with the same specifications compared to competitors, but the price is very competitive .
7. Djarum Brothers and Hartono Group
Polytron under the auspices of the Djarum group not only enters the business of cigarettes and electronics, but also two-wheeled electric vehicles.
Polytron Indonesia released two new electric motorcycles namely Fox-R and T-Rex at the 2022 Indonesia Motorcycle Show (IMOS) at JCC, Senayan, Jakarta today, Wednesday (2/11/2022). This launch seems to signal that this electronic equipment manufacturer is increasingly daring to work on the electric motorcycle market in the country.
“Hopefully, with government support and strong community support, the electric motorcycle industry will progress and develop. Polytron will continue to prioritize innovation and creation to meet the demand for electric vehicles in Indonesia.” said the commercial director of Polytron Tekno Wibowo.
(fdl/fdl)
