tokyo japans mitsubishi corp is considering investing in a new car factory in indonesia with its partners the trading house said as the country seeks to lure investments into manufacturing and reduce its reliance on volatile resources mikio sasaki mitsubishi corps senior advisor met indonesian presidentelect joko widodo this week a company spokesman said on wednesday adding that nothing had been decided yet widodo who will take office in october is expected to bring in muchneeded reform for business in indonesia indonesias investment authority wants to attract more foreign investment into manufacturing and other valueadded industries to wean the economy off the volatile resources sector its chairman told reuters last week mitsubishi motors corp owned 101 percent by mitsubishi corp had previously said it may build a new plant in indonesia its chief executive will visit the country next week an individual familiar with the matter said the automaker currently manufactures commercial vehicles at a plant in jakarta owned by mitsubishi corp and local partners we are still considering investing in a new plant in a positive manner a mitsubishi motors spokesman said several companies from countries including japan have expressed interest to invest in the automotive sector mahendra siregar said as indonesia is set to overtake thailand as southeast asias biggest car market the medium term plan of these manufacturing companies looking at indonesia is producing close to 3 million cars by 2020 from around 13 million this year he said i think that is regardless of what happens in other countries because that would be a good combination of lets say 75 percent domestic and 25 percent exports the jakarta post reported earlier on wednesday that mitsubishi corp may invest up to 1 billion to boost its indonesian automotive business the company spokesman said the 1 billion amount was incorrect pti published on sep 11 2014 at 1117 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app international mitsubishi overseas expansion mitsubishi motors homenewsjapans mitsubishi corp says may invest in indonesia auto plant