DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%
By : Nata Kesuma | Monday, November 28 2022 - 12:15 IWST
![PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.](https://eagle.industry.co.id/uploads/berita/detail/4948.jpeg)
PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.
INDUSTRY.co.id - Jakarta, 25th November, 2022 – PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising. Therefore, the Company is optimistic and targets sales to grow by 20 percent next year.
As for 2022, which will end soon, DRMA is optimistic that the sales growth target of 20% and net profit growth of 50% this year can be achieved.
In an effort to boost the Company’s performance, this year DRMA is expanding by building three new factories and one factory expansion project. The factory construction project is mainly to boost the production of four-wheeled vehicle spare parts, where the demand for components from automotive manufacturers continues to increase in line with the increase in car sales in Indonesia.
According to the Gaikindo (The Association of Indonesia Automotive Industry) report, in the January-October 2022, total car sales in Indonesia reached 822,013 units, growing 21.4% over the same period the previous year of 677,346 units. For motorcycles in Indonesia, AISI (Indonesian Motorcycle Industry Association) recorded motorcycle sales in Indonesia throughout October 2022 reached 537,587 units, an increase of 15.6% compared to the same period last year. Total motorcycle sales during January-October reached 4,149,947 units.
In addition, anticipating the trend of electric vehicles in the near future, DRMA is preparing an investment by designing a prototype electric three-wheeled vehicle with the PowerAce brand which will be launched in 2023. In addition, the Company is also developing a battery pack and battery management system, as well as investing in new machines for existing products, which can later be used to support the manufacture of body and chassis parts for electric vehicles.
"As a business entity, we must always be anticipatory towards the development of the industry we are engaged in. Seeing that the trend of electric vehicles in the future will be brighter, DRMA will try to seize opportunities by making various investment preparations for the development of electric vehicles," said President Director of Dharma Polimetal, Irianto Santoso.
Read Also
Global Chemical Achieves Prestigious SNI Certification for InnoPlus…
Govt offers incentives for investors to build EV factories: Industry…
President Jokowi lauded investment plans from Vietnamese electric…
Panda High Plains Hemp Gin Marks Final Stage Commissioning to Bring…
2023 China International Rail Transit & Equipment Manufacturing Industry…
Today's Industry
![Totolink outlet. (Photo: Public Relation of Totolink)](https://eagle.industry.co.id/uploads/berita/small/5782.jpg)
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
![The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).](https://eagle.industry.co.id/uploads/berita/small/5781.jpg)
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
![Financial Literacy](https://eagle.industry.co.id/uploads/berita/small/5779.png)
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
![Unveiling New Opportunities](https://eagle.industry.co.id/uploads/berita/small/5778.png)
Rabu, 26 Juni 2024 - 14:52 WIB
Unveiling New Opportunities
As we step into 2024, the cryptocurrency landscape continues to evolve, presenting unprecedented opportunities for investors, developers, and enthusiasts.
![AI Technology](https://eagle.industry.co.id/uploads/berita/small/5777.png)
Senin, 24 Juni 2024 - 20:07 WIB
The Best AI of 2024: A Comprehensive Guide
Artificial Intelligence (AI) is rapidly changing the world, and 2024 is shaping up to be a year of significant advancements in the field.
News Comment