|Jakarta -- Nissan Motor Co. (NSANY) plans to increase its production of cars in Indonesia tenfold over the next five years, the Japanese company said in a news release Tuesday.
Nissan said it hopes to produce 30,000 units a year by 2009, up from a current annual output of 3,000. Nissan produces cars in Indonesia through its unit, PT Nissan Motors Indonesia.
The company has partnered with Intentia International, a consultant, to help streamline its operations in Indonesia, the release said.
Indonesia's car market is growing amid strong consumer spending. In May, total vehicle sales increased 41% on the previous year to 39,955 units. In 2004, experts expect Indonesians to buy around 400,000 vehicles, up from 353,000 last year.