Toyota Motor Corp. and its group firm Daihatsu Motor Co. are trying to keep their prices steady in Indonesia's increasingly competitive and affordable minivan market, offering 2019 models at the same prices as last year.
PT. Toyota-Astra Motor launched new models of the Avanza and the Veloz last week, while PT. Astra Daihatsu Motor introduced its Grand New Xenia.
Henry Tanoto, vice president of Toyota-Astra Motor, known as TAM, said the company set the prices for the new models after studying production costs, exchange rates and expected sales volume as well as acceptable retail price ranges.