Indonesian Electric Motorcycle Sales Plummet, Selis Records Widening Losses
PT Gaya Abadi Sempurna Tbk (SLIS), an Indonesian electric motorcycle manufacturer, reported a net loss of IDR 9.66 billion for January-September 2026, an increase from IDR 9.13 billion in the same period last year. While component sales bolstered revenue, a 19% drop in electric motorcycle unit sales and rising costs contributed to the widening deficit.
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