Honda-The Power of Dreams
Honda's Cumulative Motorcycle Production in Indonesia Reaches 10 Million

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.


Karisma D
P.T. Astra Honda Motor "Karisma D"

Outline of P.T. Astra Honda Motor
Established
:
December 2000
Start of operations
:
January 2001
Location of head office
:
Jakarta City
Capital
:
185 billion rupiah
Capitalization ratio
:
50% Honda Motor Co., Ltd., 50% P.T. Astra International
President
:
Minoru Yamashita
Business activities
:
Manufacture of motorcycle components; engine and body assembly
Number of employees
:
Approx. 8,400
Production capacity
:
7,000 units/day
Products
:
Nine models, including the Karisma, Kirana and Supra