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Indonesian state-run firm to buy 320,000 vehicles for its cooperative programme, CEO says
BusinessLine· 2025-11-20 20:06
Indonesia’s state-led Agrinas Pangan Nusantara is negotiating the purchase of 160,000 trucks and as many motorbikes to kick off a $12 billion programme to build cooperative markets across the archipelago, CEO Joao Mota told Reuters on Thursday. The vehicles are a part of President Prabowo Subianto’s plan, launched in July, to establish 80,000 cooperatives to stimulate local businesses. The large-scale purchases are a boost for the country’s flagging auto industry, with monthly car sales in contraction since ...