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Indomobil

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Indonesian automotive company
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PT Indomobil Sukses Internasional Tbk
Old logo, rarely used at present
FormerlyPT Indomobil Investment Corporation (1976-1997)
Company typePublic PT
Traded asIDX: IMAS
Industry
Predecessor
  • PT Indomobil Investment Corpora
  • PT Indomobil Inti Industri Tbk
Founded1976; 48 years ago (1976)
HeadquartersJakarta
RevenueIncrease Rp 18.615 trillion (2019)
Net incomeIncrease Rp 156 billion (2019)
Total assetsIncrease Rp 44.699 trillion (2019)
Total equityIncrease Rp 9.40 trillion (2019)
Owners
  • Gallant Venture (49.49%)
  • Sejahtera Raya Perkasa (20.24%)
  • Tritunggal Intipermata (18.17%)
Number of employees14,445 (2019)
Websitewww.indomobil.com

PT Indomobil Sukses Internasional Tbk, known as Indomobil Group, is a car and motor vehicle manufacturer located in Jakarta, Indonesia. It was founded in 1976 by the unification of the two former competitors PT Indohero and the original incarnation of PT Indomobil. The company operates plants in Jakarta, Bekasi, Bekasi Regency, and Purwakarta Regency.

As of 2024, the group distributes (and manufactures some) vehicle marquees such as; Audi, Citroën, Foton, GAC Aion, Great Wall Motor, Harley-Davidson, Hino, Jaguar, Jeep, Kia, Land Rover, Maxus, Mercedes-Benz, Nissan, Renault Trucks, Smart, Suzuki, Volkswagen, Volvo Buses, Volvo Trucks, and Yadea.

Current business

Passenger cars

  • Mercedes-Benz and Smart, sole assembly and distribution of the marquee since October 2023, distributed through PT Inchcape Indomobil Distribution Indonesia (30%, JV with Inchcape plc 70%), and assembled by a 42 hectare assembly plant in Bogor, owned by its subsidiary, PT Mercedes-Benz Indonesia.
  • Volkswagen and Audi, distributed through PT Garuda Mataram Motor (99.93%).
  • Nissan, with PT Nissan Motor Distributor Indonesia (74.99%) as the sole distributor. Previously, a plant owned by PT Nissan Motor Indonesia (1%) assemble the Nissan cars, before the automaker decided to move the assembly plant to Thailand in 2019.
  • Suzuki, with PT Suzuki Indomobil Sales (5.50%) as the sole distributor, an assembly plant by PT Suzuki Indomobil Motor (4.55%), and a financing company PT Suzuki Finance Indonesia (0.92%).
  • Kia, with PT Kreta Indo Artha (60%) as the distributor.
  • Citroën and Jeep, with PT Indomobil National Distributor as the distributor.
  • Jaguar and Land Rover, distributed through PT JLM Auto Indonesia (JV with Inchcape, effectively 28% owned by Indomobil Group, 40% owned by PT Indomobil Jasa Lintas Raya which is 69.99% owned by Indomobil Group).
  • Great Wall Motor, through PT Inchcape Indomobil Energi Baru (JV with Inchcape, 30% owned by Indomobil Group).
  • GAC Aion and Maxus, with PT Indomobil Energi Baru as the distributor.

Two-wheeled vehicles

  • Harley-Davidson, distributed through PT JLM Auto Indonesia.
  • Yadea electric vehicle, distributed through PT Indomobil Emotor Internasional (99%).

Commercial vehicles

  • Hino, with PT Hino Motors Sales Indonesia (40%) as distributor, an assembly plant owned by PT Hino Motors Manufacturing Indonesia (10%), and a financing company PT Hino Motors Finance Indonesia (36.79%).
  • Volvo Trucks and Volvo Buses, distributed through PT Indotruck Utama (74.99%).
  • Renault Trucks, distributed through PT Indo Traktor Utama (74.99%).
  • Foton, with PT Indomobil Global Transportasi as the distributor.

Heavy-duty equipment and machinery

Financial services

Vehicle rental

  • Indorent, or PT CSM Corporatama, provide rentals of passenger and commercial vehicles, 91.97% owned by the group.
  • Indopenske, or PT Indomobil Bussan Trucking, a joint venture between Indorent (PT CSM Corporatama), Penske Truck Leasing, and Mitsui & Co., Ltd., which provides commercial vehicle rental service.

Logistics

  • PT Seino Indomobil Logistics, a joint venture between Indomobil Group and Seino Holdings Co Ltd, which provide car carriers, trailer transports, fuel transport, refrigerated transports, and other charter transport services.
  • Indologi, or PT Indologi Summit Logistics, a joint venture between Indomobil (through Indorent / PT CSM Corporatama) and Sumitomo Corporation. Indologi provides services such as vehicle pre-delivery inspection, vehicle storage area, and maintenance.
  • SIP Express, or PT Solusi Indomobil Perkasa, which provides last mile logistics.

Contracting Services

  • Prima Contracting, or PT Prima Sarana Gemilang, a mining and general contractor.

Vehicle Parts

  • Indoparts, or PT Central Sole Agency, that manufactures batteries, engine parts, brake shoe, tires, chain, belts, bearing, suspensions, and other automotive parts.
  • Furukawa Battery Indonesia, a joint venture with Furukawa Electric that manufactures batteries.
  • Dunlop, or PT Sumi Rubber Indonesia, a joint venture with Sumitomo Rubber Industries which manufactures Dunlop tires.
  • PT Sumi Indo Wiring Systems, a joint venture with Sumitomo Wiring Systems, which manufactures wiring harness to be supplied to automotive manufacturers for local and export.
  • Indostation, or PT Sentra Trada Indostation, which with ExxonMobil, provides one-stop-service micro gas stations and retail the Mobil petroleum brand.

Vehicle Repairs

  • Autoglad, or PT Indomobil Sompo Jepang, a joint venture with SOMPO Holdings, which provides workshops for automotive body repairs.
  • PT Indomobil Ekspres Truk, which operate in the repair and trading for trucks and buses.

Assembly, Body Builder and Manufacturing

  • PT National Assemblers, assembly plant for various brands (99.97%).
  • Kyokuto Indonesia, which manufactures and distribute truck attachments such as dump truck, concrete mixer, garbage compactor, and tailgate lifter. The manufacture is performed by PT Kyokuto Indomobil Manufacturing Indonesia and distributed by PT Kyokuto Indomobil Distributor Indonesia, both are joint ventures between Indomobil and Kyokuto Kaihatsu Kogyo Co. Ltd.
  • Indomatsumoto & Indomurayama, which provides parts stamping and making dies for automotive parts. PT Indomatsumoto Press & Dies Industries and PT Indomurayama Press & Dies Industries are joint ventures with Matsumoto Industries.

Others

  • PT Indomobil Prima Energi, which distributes ExxonMobil's products.
  • DAX, or PT Data Arts Experience, a digital agency that specializes in data-based marketing.
  • Teach Cast with Oxford, or PT Indomobil Edukasi Utama, which is a collaboration with Oxford University Press to provide technology-based English conversation trainings.

Previous operations

  • Autobacs, or PT Autobacs Indomobil Indonesia, a joint venture between Indomobil (through Indoparts / PT Central Sole Agency) with Autobacs Seven, which provided retail accessories and parts for passenger vehicles. In January 2024, both parties ended the partnership.
  • Chery, with distribution through PT Unicor Prima Motor, a joint venture founded in 2006 between Indomobil Group and Chery Automobile. In 2013, Chery exit from Indonesian market due to poor sales. The brand re-entered the Indonesian market under direct headquarters control.
  • Datsun, which was assembled by PT Nissan Motor Indonesia from 2013 until 2020. In 2022, Nissan Motor retired the Datsun marquee globally.
  • Infiniti, which was assembled by PT Nissan Motor Indonesia until 2018 due to poor sales.
  • Mazda, which Indomobil Group was appointed as the sole distributor for Indonesian market since 1980s. In 2006, Mazda Motor Corporation decided to terminate the exclusive distribution rights with Indomobil, and taken over the distribution themselves through PT Mazda Motor Indonesia. However in 2017, distribution rights were given to Eurokars Group.
  • Marvia, through PT Marvia Graha Motor.
  • Nissan Finance, or PT NFSI Financial Services, prior to April 2023 known as PT Nissan Financial Services Indonesia. The company was acquired by the convenience store chain Indomaret (PT Indomarco Prismatama) the following month and changed its name to PT Indomarco Financial Services.
  • Renault, distributed through PT Auto Euro Indonesia from 2001 to 2019, where it was succeeded by Maxindo.
  • Ssangyong, through PT Indobuana Autoraya.
  • Volvo Cars, distributed in Indonesia until 2017, before it was taken over by Garansindo until 2021.

References

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  3. Binekasri, Romys (2023-10-04). "Indomobil & Inchcape Resmi Akuisisi Mercedes-Benz Indonesia". CNBC Indonesia (in Indonesian). Retrieved 2024-01-29.
  4. "Home | Mercedes-Benz Indonesia". www.mercedes-benz.co.id. Retrieved 2024-01-26.
  5. ^ "Annual Report 2022". Indomobil. 2022. Retrieved 26 January 2024.
  6. "Legal Statement: PT Garuda Mataram Motor". Volkswagen Indonesia.
  7. "Nissan to Close Indonesia, Spain Auto Plants After Losses". US News & World Report. 28 May 2020.
  8. "Stellantis Bermitra Dengan Indomobil Untuk Meluncurkan Merek Citroën di Indonesia". Citroën (in Indonesian). Retrieved 2024-01-26.
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  28. F, M. Anggarana (2009-01-01). Perbaikan Proses Perakitan Mobil Jenis Truk Di PT National Assemblers Dengan Metode Business Process Improvement (in Indonesian). Universitas Telkom, S1 Teknik Industri.
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  46. Rayanti, Dina. "Renault Lepas, Indomobil Masih Pegang Merek-merek Ini". detikoto (in Indonesian). detikcom. Retrieved 2024-01-26.
  47. Rahadiansyah, Rangga. "Lepas dari Garansindo, Volvo Bakal Kembali ke Indonesia". detikoto (in Indonesian). detikcom. Retrieved 2024-01-26.

External links

Indonesia Automotive industry in Indonesia
Active Indonesian
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