Tangerang, Banten (ANTARA) – Industry Minister Agus Gumiwang Kartasasmita urged automakers to fulfill Rp21.2 trillion ($1.17 billion) in investment pledges under Indonesia’s Low Carbon Emission Vehicle program, citing a shortfall in realized capital.Speaking at the 2026 Gaikindo Indonesia International Auto Show in Tangerang on Thursday, Agus said the LCEV policy, launched in 2021, has expanded local supply chains but lagged investment commitments.The LCEV program is part of Indonesia’s broader effort to develop a more competitive automotive industry and expand its role in regional vehicle production and exports.Automakers have realized Rp5.5 trillion (US$304.2 million) of the pledged investment to date, Agus said, leaving most of the commitments outstanding.“Investment realization for the LCEV program has exceeded Rp5.5 trillion out of a total commitment of Rp21.2 trillion,” Agus said, adding that the government still expects the full commitment.Sixteen assembly companies now work with 322 domestic component suppliers, a 127 percent increase since the program began, while the sector employs about 195,000 direct workers.The domestic component level for electrified vehicles has risen to an average 40 percent to 46 percent, with one model reaching as much as 80 percent local content.Agus said the pace of investment realization needs to accelerate as Indonesia seeks to strengthen its automotive manufacturing base.The government has issued three requests to authorized brand agents and other automotive industry stakeholders to ensure investment commitments translate into greater domestic production.They include accelerating initial investment, expanding supply-chain integration to tier-two and tier-three suppliers, and positioning Indonesia as a regional production and export hub.The measures are intended to strengthen industrial resilience while shifting Indonesia beyond its role as a consumer market toward a larger manufacturing and export base.In return, Agus pledged regulatory stability and continued government support for automakers making long-term investments in Indonesia.“The government will maintain the most essential elements of every long-term investment decision: policy certainty and consistency,” Agus said.The ministry will conduct regular evaluations to ensure companies move their investment commitments toward full implementation, Agus said.The government’s push comes as Indonesia seeks to deepen automotive manufacturing and localize more components while attracting investment in lower-emission vehicles.