Astra and Toyota Establish Full-Service Commercial Vehicle Rental Joint Venture

JAKARTA: PT Astra International Tbk (Astra)’s subsidiary, PT Arya Kharisma (AKH),?? and Toyota Motor Corporation (TMC)’s subsidiary, Toyota Motor Asia Pacific Pte Ltd (TMAP), today (7/29) announced the formation of a 50:50 Joint Venture (JV) to offer full-service rental for commercial vehicles called PT Mobilitas Digital Indonesia in Jakarta. The JV is slated to start operating in the fourth quarter of 2022.

Improving national economic conditions show market potential in the transportation and logistics sector. Based on data from Statistics Indonesia (BPS), transportation and warehousing/logistics is one of the sectors that drive Indonesia’s economic recovery. In the first quarter of 2022, the transportation and logistics sector recorded the highest growth among other sectors with 15.79%, accounting for 4.62% of the GDP.

“The establishment of this JV will expand and strengthen the partnership between Astra and Toyota. We hope PT Mobilitas Digital Indonesia can improve the mobility of distribution flows and transportation in Indonesia, thus contributing to the country’s economic growth and improving the quality of people’s lives,” said Djony Bunarto Tjondro, President Director of Astra.

“In the early stages, the JV will focus on running a commercial vehicle rental business in Java islands. The public, including small to large scale businesses, can enjoy effective, efficient and competitive commercial vehicle rental services offered by PT Mobilitas Digital Indonesia,” said AKH President Director Gidion Hasan.

“This JV is an integral pillar of our strategy to realize Toyota’s vision of ‘Mobility for All’ in Asia. Astra is our longtime trusted partner, and I am delighted that we are entering a new phase of our collaboration with this new company. I am confident that we will be able to contribute to the ‘mass production of happiness’ in Indonesia by providing efficient and quality mobility solutions,” said TMC Asia Region Chief Executive Officer and TMAP President Hao Quoc Tien.

For further information, please contact:

PT Arya Kharisma
Kemas Henry Kurniawan
Email: [email protected]

Toyota Motor Asia Pacific Pte Ltd
- Jaja Ishibashi
Email: [email protected]
- Nanako Kumamoto
Email: [email protected]

About AKH:

PT Arya Kharisma (AKH) is a subsidiary of PT Astra International Tbk established in 1988. AKH has stakes in several Astra group companies.

About TMAP:

Incorporated in Singapore, Toyota Motor Asia Pacific (TMAP) is a subsidiary and the regional headquarters of Toyota Motor Corporation. TMAP leads and supports the Asia Pacific region in sales and marketing activities, service parts, accessories and customer service, and contributes to the overall development of the automotive industry and economic growth in the region.

About Astra:

PT Astra International Tbk was established in 1957 in Jakarta as a general trading company under the name Astra International Inc. In 1990, for the purpose of the company’s initial public offering (IPO), the name of the company changed to PT Astra International Tbk, followed by listing its shares on the Indonesia Stock Exchange under the ticker code ASII.

Astra has developed its business by implementing a business model based on synergies and diversification within seven business divisions: 1) Automotive, 2) Financial Services, 3) Heavy Equipment, Mining, Construction & Energy, 4) Agribusiness, 5) Infrastructure and Logistics, 6) Information Technology and 7) Property.

Astra Group conducts business operations in all parts of Indonesia under the management of more than 240 companies, including subsidiaries, joint ventures and associates, and was supported by more than 188,000 employees, as of December 2021.

As one of the largest national business groups in Indonesia today, Astra has built a strong reputation through offering a range of quality products and services, taking into account the implementation of good corporate and environmental governance. Astra always aspires to be the pride of the nation that participates in efforts to improve the welfare of the Indonesian people.

Astra's business activities strive to apply a balanced mix in the commercial aspects of business and non-business contributions through 9 foundations and a variety of sustainable social responsibility programmes, namely Astra Untuk Indonesia Sehat, Astra Untuk Indonesia Cerdas, Astra Untuk Indonesia Hijau and Astra Untuk Indonesia Kreatif.

Astra initiated the Semangat Astra Terpadu Untuk (SATU) Indonesia Awards programme, which has entered its eleventh year, and has given recognition awards to 493 young Indonesians, consisting of 81 national level recipients and 412 provincial level recipients in the fields of Health, Education, the Environment, Entrepreneurship and Technology, which are integrated with Astra’s wide range of community activities through 133 Kampung Berseri Astra and 930 Desa Sejahtera Astra initiatives in 34 provinces throughout Indonesia.

For further information, please visit www.astra.co.id & www.satu-indonesia.com, and follow Astra through Instagram (@satu_Indonesia), Youtube (SATU Indonesia), Facebook (Semangat Astra Terpadu) and Twitter (@satu_Indonesia).