UPDATE 1-Indonesia '08 new motorbike sales seen up by a fifth

Newswire

(Adds details, quotes) By Harry Suhartono CIKARANG, Indonesia, Nov 30 (Reuters) - Indonesia's new motorbike sales are expected to rise by around 20 percent next year due to an improving economy and declining rates, a senior industry official said on Friday. Siswanto Prawiroatmodjo, executive vice president director of Astra Honda Motor, told reporters sales were likely to reach 5.3 million units in 2008 from an estimated 4.4 million this year. He ;asaid the company, jointly owned by ...

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