KONTAN.CO.ID – JAKARTA. PT Astra International Tbk (ASII), a leading diversified conglomerate, reported robust car sales of 41,752 units in April 2026. This impressive figure marks a significant 54.77% year-on-year (YoY) increase, substantially up from the 26,976 units sold in the same period the previous year.
On a monthly basis, ASII’s car sales also demonstrated strong momentum, climbing 45.64% month-to-month (MoM) compared to the 28,666 units recorded in March 2026. This stellar sales performance propelled Astra International’s automotive market share to 52% in April 2026, a notable increase from 47% in March 2026, solidifying its dominant position in the Indonesian market.
A closer look at the April 2026 sales breakdown reveals that the growth was primarily driven by the combined power of the Toyota and Lexus brands, which accounted for 25,804 units. This was closely followed by Daihatsu with 13,399 units, Isuzu contributing 2,469 units, and UD Trucks with 80 units, showcasing the broad strength of Astra’s brand portfolio. Furthermore, Astra’s Low Cost Green Car (LCGC) segment also saw a positive uptick, with sales reaching 7,470 units in April 2026, slightly up from 7,382 units in the corresponding period last year.
Windy Riswantyo, Head of Corporate Communications at Astra, attributed the overall growth in Astra’s vehicle sales from January to April 2026 to several key factors. A significant contributor was the increased performance in the commercial vehicle segment, particularly bolstered by the flagship Daihatsu Gran Max model, which plays a crucial role in supporting consumer mobility and business operations. Adding to this momentum, the Toyota Veloz Hybrid, which was launched late last year and began customer deliveries in February 2026, has also significantly supported the sustained sales growth.
Amidst the current economic landscape and the evolving dynamics of the automotive industry, Windy reiterated Astra’s steadfast commitment to maintaining its market leadership. This commitment, she emphasized, is underpinned by the strong brands within the Astra Group, an extensive sales and service network across Indonesia, and readily available financing solutions. “Astra remains dedicated to continuously launching products, technologies, and services that are meticulously tailored to meet the varied needs and interests of its diverse customer base,” Windy informed Kontan on Tuesday, May 12, 2026.
Outlook on ASII Performance
Adrian Djie, an analyst at Kiwoom Sekuritas, finds the current outlook for ASII to be quite compelling, driven by positive market sentiment. He highlighted the company’s successful demonstration of increased sales and a robust recovery in market share, which he views as strong positive indicators for future performance. Furthermore, the expiration of the Value Added Tax (VAT) incentives for electric vehicles (EVs) is expected to foster a more level playing field and balanced price competition within the broader automotive industry.
“From a stock price perspective, we believe that the current market movements do not yet fully reflect ASII’s fundamental valuation. Consequently, we see considerable room for growth for the stock, anticipating further appreciation in line with improvements in operational performance and overall industry sentiment,” Adrian told Kontan on Tuesday, May 12, 2026.
Nonetheless, Adrian advises investors to remain selective and astute. He suggests that a “wait-and-see” approach remains pertinent for the time being, as investors monitor both global and domestic developments that could potentially influence market sentiment. For the medium term, Adrian projects that ASII shares could potentially rally towards the Rp 6,300 level. Looking further ahead, he envisions a long-term potential for strengthening up to the Rp 7,100 per share range.
Summary
PT Astra International Tbk (ASII) reported a significant increase in car sales for April 2026, reaching 41,752 units, a 54.77% year-on-year growth. Monthly sales also rose by 45.64%, pushing Astra’s automotive market share to 52%. The growth was largely driven by Toyota, Lexus, and Daihatsu, with the Toyota Veloz Hybrid and strong commercial vehicle sales, particularly the Daihatsu Gran Max, contributing significantly.
Analysts see a positive outlook for ASII, noting strong sales and market share recovery. The expiration of EV VAT incentives is expected to create a more balanced competitive environment. While current stock movements may not fully reflect its fundamental valuation, ASII shares are projected to rally towards Rp 6,300 in the medium term and potentially reach Rp 7,100 in the long term, though investors are advised to monitor market developments.