Jardine C&C betting on Asean consumer story

Singapore

NEW car sales in Indonesia are still stuck in a soft patch, but Alex Newbigging, outgoing group managing director of Jardine Cycle & Carriage (JC&C), isn't fretting over the speed bumps.

"The long-term fundamentals remain very exciting in Indonesia. And for the automotive industry, if you look at the penetration levels of automotives, there's a lot of growth to come. We're very optimistic about the automotive industry in Indonesia," Mr Newbigging told The Business Times in his first media interview.