Jakarta ? offered from sindonews.com, Toyota Motor Corp. (TMC) ensure would instill an investment worth Rp28,3 trillion for developing electric cars in Indonesia. It was disclosed by TMC President, Akio Toyoda to the Indonesia Government officials during a meeting in Japan. 

The investment will be carried out gradually in the next four years. The meeting was also attended by the management of PT Toyota Manufacturing Indonesia (TMMIN). Just for your information, in Indonesia, Toyota car manufacturing activities to the domestic market conducted by TMMIN.

"It is indeed a commitment from TMC. Later details will certainly be discussed further," explains Director TMMIN Bob Azam told the Newspaper SINDO/SINDOnews. com in Jakarta, Friday (28/6/2019).

According to Bob, the investment has yet to be elaborated whether for the development of a new electric car-specific factory or adding capacity at an existing plan. "Well, about that still hasn't been addressed," said Bob.

Previously, TMC has invested Rp22,9 trillion, through TMMIN to build factory in Karawang, Bekasi, West Java. That investment occur in the period 2015 to 2017. "That is definitely all in the framework of industrial development in the country," stated Bob.

Bob says, Toyota Indonesia ready to manufacture electric cars. However, it needs to be emphasized more on the regulation. Because, up to now, the Government has still not published the rules of strict policy about electric cars. "We hope (the rules) immediately," he said.

In addition to Toyota, the automotive company of South Korea, Hyundai Motor Company, also glancing at the electric car business opportunities in Indonesia. If the Government is able to provide attractive incentives, the fourth-largest car manufacturer in the world is ready to build the factory in the industrial area around Jakarta and Subang, West Java.

"Hyundai has confirmed its commitment to start investing in the country. Indonesia is considered appropriate into their production base to meet domestic and export market," said Airlangga in its official description, Thursday (25/7/2019).  "The current Hyundai was doing a survey in the industrial area of West Java, such as Bekasi, Karawang, Purwakarta (Bekapur), and Subang. For the value of the investment is still under discussion," said Airlangga.

"We are checking what is the essential, in order to make the process of (investment) is running smoothly," said Executive Vice Chairman of Hyundai's Chung Eui-sun, after meeting President joko "Jokowi" Widodo at the Merdeka Palace, Thursday (25/7/2019).

Eui-sun has not spill the bean how much money his company's invested in Indonesia. But he promised, if studies and discussions with the government went well, as much as 40 percent of the production would be exported.