Indonesia levies an import tax of 10{c168d8b10469b600da6d958cab0718253eefc92fe224b0b076686c93e4365ea4} on international imported luxury automobiles, whereas the import tariff for imported automobiles from exterior the free trade space is currently at 50 p.c. Most car manufacturers in Indonesia are a member of the non-governmental Association of Indonesia Automotive Industries . Volvo Group and Eicher Motors has a 50-50{c168d8b10469b600da6d958cab0718253eefc92fe224b0b076686c93e4365ea4} three way partnership called VE Commercial Vehicles.
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- BMW owns a 50{c168d8b10469b600da6d958cab0718253eefc92fe224b0b076686c93e4365ea4} stake, Brilliance owns a forty.5{c168d8b10469b600da6d958cab0718253eefc92fe224b0b076686c93e4365ea4} stake, and the Shenyang municipal authorities owns a 9.5{c168d8b10469b600da6d958cab0718253eefc92fe224b0b076686c93e4365ea4} stake.
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