JAKARTA, April 25 (Reuters) - Indonesian vehicle sale are likely to ease slightly this year to 1-1.05 million because of an expected cut in fuel subsidies and higher downpayment requirements for sharia loans, a top Indonesian industry official said on Thursday.
'Most likely, sales will be smaller than last year. Around 1 to 1.05 million, or less than 1 million if something dramatic happens,' said Johnny Darmawan, CEO of Toyota Astra Motor and also vice chairman of Gaikindo (Indonesian Automotive Industry Association).
Indonesia's total vehicle sales were a record 1.1 million last year.
Separately, the head of banking-to-autos holding company PT Astra International Tbk, Prijono Sugiarto, said the company has raised its capital expenditure budget 20 percent to 15.5 trillion rupiah ($1.60 billion) or 20 percent higher from the same period last year. The increase will go towards the company's expansion in toll roads and ports.
($1 = 9,717.5 rupiah)
(Reporting by Rieka Rahardiana and Fathiya Dahrul, Writing by Andjarsari Paramaditha, Editing by Jonathan Thatcher) Keywords: INDONESIA CARS/
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