Jakarta, Indonesia, May 26, 2003 --- P.T. Astra Honda Motor, Honda's joint venture company
in Indonesia responsible for motorcycle production and sales, announced that they have
rolled out their 10 millionth motorcycle. Indonesia is the first country outside Japan where
Honda has achieved this level of motorcycle production.
Honda started motorcycle production in Indonesia in 1971 through a technical
cooperation agreement with P.T. Federal Motor. In December 2000, Honda established
P.T. Astra Honda Motor, which is a joint venture company with P.T. Astra
International based on an equal equity ratio. The company integrated the
functions of parts manufacturing, engine and body assembly, and wholesale
activities. P.T. Astra Honda Motor started operations in January 2001.
The motorcycle market in Indonesia continues to expand, with the total market for 2003
forecast to reach 2.6 million units. P.T. Astra Honda Motor launched new models, the
Karisma and Kirana, in 2002, helping the company to post record sales of 1.437 million units.
In 2003, further sales expansion is targeted with the launch of new products that meet
customers' needs.
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P.T. Astra Honda Motor "Karisma D"
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Outline of P.T. Astra Honda Motor
| Established |
:
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December 2000 |
| Start of operations |
:
|
January 2001 |
| Location of head office |
:
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Jakarta City |
| Capital |
:
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185 billion rupiah |
| Capitalization ratio |
:
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50% Honda Motor Co., Ltd., 50% P.T. Astra International |
| President |
:
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Minoru Yamashita |
| Business activities |
:
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Manufacture of motorcycle components; engine and body assembly |
| Number of employees |
:
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Approx. 8,400 |
| Production capacity |
:
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7,000 units/day |
| Products |
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Nine models, including the Karisma, Kirana and Supra |
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May
26 , 2003