- VKTR confirmed a leadership transition without changing its long-term EV strategy.
- The company plans to expand commercial EV production capacity to 10,000 units annually.
PT VKTR Teknologi Mobilitas Tbk announced a planned leadership transition after President Director Gilarsi Wahju Setijono submitted his resignation, which will become effective following shareholder approval scheduled for May 19, 2026. The company emphasized that the organizational change represents part of its routine governance process and is not expected to affect operational continuity, production activities, or long-term strategic priorities. VKTR further stated that its commercial electric vehicle development roadmap in Indonesia remains fully aligned with previously announced expansion plans focused on localization, ecosystem integration, and industrial scaling.
The company reaffirmed its strategy to establish a localized commercial EV ecosystem in Central Java by evolving beyond a standalone manufacturing setup into a broader integrated “factory-to-ecosystem” model. This strategy includes the development of production capabilities, supply chain integration, downstream services, and collaborative partnerships with local coachbuilders located in Magelang. VKTR is also expanding its completely knocked down (CKD) assembly operations to strengthen domestic industrial participation while supporting wider electrification adoption within Indonesia’s commercial vehicle sector.
Under its long-term roadmap, VKTR aims to increase local component content levels, commonly referred to as TKDN, from more than 40% for electric buses and 30% for electric trucks toward a target range of 60% to 80% by 2030. The company believes higher localization levels will improve cost competitiveness, reinforce domestic manufacturing resilience, and support the national industrial agenda in Indonesia. The localization effort is also expected to encourage stronger participation from regional suppliers and supporting industries connected to the commercial EV value chain.
VKTR Commercial EV Localization Targets in Indonesia
The company outlined several operational and localization targets as part of its integrated ecosystem development strategy for the commercial electric vehicle market.
| Category | Current Status | Future Target |
|---|---|---|
| Annual Production Capacity | Around 3,000 Units | 10,000 Units |
| Electric Bus TKDN | Above 40% | 60%–80% by 2030 |
| Electric Truck TKDN | Around 30% | 60%–80% by 2030 |
VKTR also plans to raise production capacity at its Magelang facility from approximately 3,000 units annually to around 10,000 units per year. The expansion reflects the company’s expectation of long-term growth potential within the commercial vehicle sector in Indonesia, where electrification penetration remains below 0.1%. According to the company, the low current adoption level presents a significant opportunity for future market expansion as fleet operators and public transportation providers gradually shift toward electrified mobility solutions.
Beyond manufacturing expansion, VKTR is strengthening additional ecosystem components intended to improve commercial EV adoption economics. These include broader after-sales service networks, supply chain integration initiatives, and electric vehicle leasing models designed to reduce upfront acquisition barriers for operators. The company stated that combining production, localization, financing support, and downstream services into one integrated ecosystem is expected to accelerate commercial EV adoption while supporting sustainable industrial growth in Indonesia.
Frequently Asked Questions
Why is VKTR undergoing a leadership transition in 2026?
VKTR announced the resignation of President Director Gilarsi Wahju Setijono as part of a routine governance process pending shareholder approval on May 19, 2026. The company clarified that the transition is not connected to operational challenges or strategic changes. VKTR stated that its commercial EV roadmap, manufacturing expansion plans, and ecosystem development strategy in Indonesia will continue without disruption. Management also emphasized that ongoing production activities, partnerships, and localization targets remain fully aligned with the company’s previously established long-term objectives.
What are VKTR’s long-term plans for commercial EV expansion in Indonesia?
VKTR plans to expand its integrated commercial EV ecosystem by increasing production capacity, strengthening CKD assembly operations, and raising domestic component localization levels by 2030. The company aims to grow annual production capacity from around 3,000 to 10,000 units while improving TKDN levels for electric buses and trucks. VKTR is also focusing on after-sales services, leasing solutions, and supply chain integration to support wider commercial EV adoption in Indonesia’s developing electrified transportation market.
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