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Honda vehicle sales in 1997 totaled 6,872 units (up 7% over 1996) but declined by 83% in 1998, to 1,182 units, mainly due to the economic crisis that hit the Southeast Asian region. In 1999, Honda Motor Co., Ltd. established a joint venture company called PT Honda Prospect Motor (HPM) on 15 February 1999.
In 1981, the truck production commenced. One year later, in 1982, the Wanaherang plant officially opened. In 1985, PT Star Engines Indonesia was established in Wanaherang. PT German Motor Manufacturing became the first ISO 9001-accredited automotive maker in Indonesia in 1996. It then acquired the PT Star Engines Indonesia in 2000.
Honda Motor Co., Ltd. [3], commonly known as just Honda, is a Japanese multinational conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has been the world's largest motorcycle manufacturer since 1959, [4] [5] reaching a production of 400 million by 19 December 2019. [6]
PT Hyundai Motor Manufacturing Indonesia (HMMI) is an automobile manufacturing plant located in Cikarang, Bekasi Regency, West Java, Indonesia. The plant and a separate sales company, PT Hyundai Motors Indonesia ( HMID ) are wholly owned subsidiaries of Hyundai Motor Company .
Isuzu, through Isuzu Astra Motor Indonesia, a joint venture between PT Arya Kharisma (fully owned by the Astra International) and Isuzu, as the sole agent and manufacturer of vehicles, components, accessories, and spare parts. [9] UD Trucks, through UD Astra Motor Indonesia as the sole agent. [10] Scania, through United Tractors as the sole agent.
PT Toyota-Astra Motor (also called TAM) is an automobile trading company based in Jakarta, Indonesia.It is a joint venture company between Toyota Motor Corporation and Astra International with a distribution of shares of 50% and 50% respectively, acting as a sole agent, distributor, and importer of Toyota vehicles.
The company was established in 1995 as a joint venture called Honda Siel Cars India (HSCI). The company was renamed to HCIL in September 2012 following the sale of 3.16 percent stake owned by Usha International, making it a 100 percent subsidiary of Honda Motor Co. Ltd. [ 3 ] [ 4 ]
In 2004 and 2005, Honda built a third plant in Bekasi. [2] In March 2015, the company opened a fourth plant in Karawang . [ 4 ] [ 5 ] With a production capacity of 5.3 million motorcycles, Astra Honda Motor is the world's largest manufacturer of Honda motorcycles.