JAKARTA — Shares of PT VKTR Teknologi Mobilitas Tbk. (VKTR) experienced a significant surge in trading today, Thursday (9/4/2026), following the official inauguration of its electric commercial vehicle assembly plant by President Prabowo Subianto. This pivotal event has ignited investor interest, signaling a positive outlook for the company’s trajectory in Indonesia’s burgeoning electric vehicle (EV) sector.
According to RTI data, VKTR’s stock rose by 4.42%, or 40 points, to close at IDR 945 during today’s first trading session. Throughout the session, the shares demonstrated robust activity, reaching an intra-day high of IDR 955 and a low of IDR 925 per share. The trading volume for VKTR shares was impressive, with 1.56 million units transacted, totaling a value of IDR 146.35 billion across 12,530 transactions. The company’s financial metrics currently show a Price to Earnings Ratio (PER) of -3,636 times and a Price to Book Value Ratio (PBVR) of 39.91 times, while its market capitalization stands at IDR 41.34 trillion.
The catalyst for this market enthusiasm was President Prabowo Subianto’s formal inauguration of VKTR’s electric commercial vehicle assembly plant in Magelang, also on Thursday (9/4/2026). This ceremony marks a critical juncture in accelerating the national transportation industry’s shift towards cleaner energy solutions, aligning with Indonesia’s broader sustainability goals. During his address, President Prabowo commended the facility, stating, “With the grace of bismillahirahmanirahim, this afternoon, Thursday, April 9, 2026, I, Prabowo Subianto, President of the Republic of Indonesia, hereby inaugurate the VKTR Electric Commercial Vehicle Assembly Plant.”
This state-of-the-art facility is reported to be Indonesia’s first Completely Knocked-Down (CKD) based electric vehicle assembly plant dedicated to the commercial vehicle segment, as informed by Bisnis.com. It is slated to produce 12-meter electric buses with a targeted Local Content Level (Tingkat Komponen Dalam Negeri or TKDN) exceeding 40%. The company aims to further increase the TKDN to 60%, a move that would significantly bolster Indonesia’s standing in the commercial EV industry and support local manufacturing capabilities.
VKTR has undergone a remarkable transformation, evolving from a commercial vehicle distribution business into a prominent electric vehicle producer. Established in 2007 as PT Bakrie Steel Industries, the company strategically pivoted its focus towards mobility electrification, eventually becoming a publicly listed entity on the Indonesia Stock Exchange in June 2023. This proactive shift underscores VKTR’s commitment to spearheading sustainable transportation and aligns seamlessly with the government’s ambitious agenda to transition from fossil fuels to new and renewable energy sources, particularly in the transportation sector, which historically contributes significantly to emissions.
Beyond its core offerings of electric buses, VKTR’s development strategy encompasses a diverse range of electric commercial vehicles, including electric trucks, dump trucks, and even electric waste transporters. The company has also forged strategic collaborations with various government agencies and state-owned enterprises (BUMNs), further solidifying its market presence and impact. These partnerships are crucial for expanding the adoption of electric commercial vehicles across the archipelago.
Throughout its operational journey, VKTR has achieved several impressive milestones, demonstrating its commitment to sustainable and efficient mobility. These include the delivery of over 100 electric vehicle units, accumulating an operational distance exceeding 11.5 million kilometers, and achieving fuel savings of more than 4.1 million liters. Furthermore, the deployment of these electric vehicles has reportedly curtailed carbon emissions by over 11,000 tons of CO2, contributing significantly to environmental protection. From an efficiency perspective, the utilization of VKTR’s electric fleet has also translated into operational cost savings exceeding IDR 27.8 billion, all while maintaining a high level of reliability with no major operational breakdowns.
VKTR TEKNOLOGI MOBILITAS TBK – TradingView
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