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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 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.
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 .
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.
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.
Honda was third, with a 22% market share. Its reputation in Thailand before the decade of the 1990s was poor. Things changed in 1989 with the introduction of the "Nova", a two-stroke bike that Honda rode to sales leadership in 1989. Honda had forecast sales of 2,000–3,000 Novas per month, but 10,000 per month became the sales norm.