Seva Sees Great Opportunity in Electric Car Financing in Indonesia

KatadataOTO – Entering 2025, the domestic automotive market has seen the arrival of many new manufacturers from China marketing electric cars. In terms of price, they are also quite competitive, so it is claimed they are starting to be in demand by the public.

The car buying, selling, and credit platform Seva sees a great financing opportunity in the electric car sector. The options are increasingly diverse with a varied price range.

“In terms of performance, we can't say it's good enough yet, we're just starting. But the market percentage of electric car sales is indeed increasing,” said David Thamrin, Product and Growth Division Head of Seva when met in Jakarta, Thursday (06/03).

So far, he revealed that Seva has just started collaborating with BYD and Wuling for electric car financing in Indonesia.

Photo : Special

BYD itself is one of the newcomers from China offering five EV (Electric Vehicle) models, namely the Dolphin, Atto 3, Seal, M6, and Sealion 7.

They also brought in the MPV (Multi Purpose Vehicle) Denza D9, but still with a competitive price compared to its rivals at around Rp 950 million on the road in Jakarta.

In the future, Seva does not rule out the possibility of partnering with various other electric car brands. According to him, there is still great potential, considering many consumers purchase vehicles on credit or in installments.

“Going forward, Seva has plans to further complete its product lineup. There are several brands we haven't collaborated with yet, we are in the exploratory stage,” David affirmed.

For your information, Seva experienced growth in car sales throughout 2024 compared to 2023. Despite various challenges, the figure reached 17,400 BSTK (Vehicle Handover Reports).

Photo : Special

So far, LCGC (low cost green car) has been the choice for Seva consumers. Generally, customers are first-time car buyers.

This year, challenges will still exist, such as the increase in VAT (Value Added Tax) to 12 percent and local surcharges in several areas outside of Jakarta.

Seva is relying on the Eid momentum, which is often a time for car purchases, to help boost car sales figures in 2025.