Astra International Explained

PT Astra International, Tbk.
Former Name:	PT Astra International, Inc. (until the 90s)
Type:	Holding company
Founder:	Tjia Kian Tie William Soeryadjaya (Tjia Kian Liong) E. Hardiman (Liem Peng Hong)
Key People:	Djony Bunarto Tjondro (CEO), Prijono Sugiarto (President Commissioner)
Industry:	Conglomerate
Revenue:	(2018)
Net Income:	US$ 1.5 billion (2018)
Assets:	US$ 24.6 billion (2018)
Equity:	US$ 12 billion (2018)
Products:	Automotive, financial services, heavy equipment, agribusiness, information technology, infrastructure
Owner:	Jardine Cycle & Carriage (50.11%)
Num Employees:	214,835 (2016)
Location:	Menara Astra, Central Jakarta, Jakarta, Indonesia
Homepage:	www.astra.co.id

Astra International is an Indonesian conglomerate^[1] controlled by Jardine Matheson. It was founded in 1957 by Tjia Kian Tie, Liem Pen Hong with the name of PT Astra International Incorporated.^[2]

It is Southeast Asia's largest independent automotive group. Operating predominantly in Indonesia, it is a provider of a full range of automobile and motorcycle products in partnerships with companies which include Toyota, Daihatsu, Isuzu, UD Trucks and BMW for automobiles, and Honda for motorcycles. Astra also has a strong presence in the automotive component sector through its subsidiary PT Astra Otoparts Tbk.^[3]

In addition, Astra has interests in financial services; heavy equipment and mining; agribusiness; infrastructure and logistics; and information technology. In financial services, Astra's businesses provide financial products and services to support its automotive and heavy equipment sales. The group was also involved in retail banking through a stake in PT Bank Permata Tbk until the late 2010s. In 2019, Astra invested US$150 million in application-based, on-demand service Gojek.^[4]

Current Business

Automotive

• Toyota and Lexus, through PT Toyota-Astra Motor as the sole agent, importer and distributor, a 50-50 joint venture with Toyota Motor Corporation.^[5] The group also owns a 5% share (95% retained by Toyota Motor Corporation) in PT Toyota Motor Manufacturing Indonesia, which owns 5 manufacturing facilities.^[6]
• Daihatsu, through PT Astra Daihatsu Motor, which distributes and own manufacturing facility, a joint venture between Astra International, Daihatsu Motor Co, and Toyota Tsusho.^[7] The facility also manufacture Toyota brands.^[8]
• Isuzu, through PT Isuzu Astra Motor Indonesia, a joint venture between PT Arya Kharisma (fully owned by the Astra International) and Isuzu Motors, 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.
• BMW and MINI, as one of the dealers and marketing. Astra International provides assembly of BMW vehicles through PT Gaya Motor.^{[11] [12]}
• Honda motorcycles through PT Astra Honda Motor, a joint venture with Honda Motor Co. for manufacturing of Honda motorcycles for Indonesian market and export countries, as well as one of the dealers in the country.^[13]

See also

• Astra Daihatsu Motor
• Astra Honda Motor
• Isuzu Astra Motor Indonesia
• Toyota Astra Motor
• United Tractors

External links

• Official website

Notes and References

1. Web site: Indonesia-Investments.com:Astra International company profile . March 25, 2014.
2. Web site: ASTRA group. - Free Online Library . 2022-03-16 . www.thefreelibrary.com.
3. Web site: Astra International. jardines.com. 4 April 2018. https://web.archive.org/web/20121025032219/http://www.jardines.com/group-companies/astra-international.html. 25 October 2012. dead. dmy-all.
4. Web site: Astra Invests US$150 Million in Gojek. 2020-08-30. Tempo. en.
5. Web site: Toyota . 29 January 2024 . Astra International.
6. Web site: Global Manufacturing Company Manufacturing . 2024-01-29 . PT. Toyota Motor Manufacturing Indonesia . id.
7. Web site: Daihatsu . Astra International.
8. Web site: Setiaji . Danang . 28 September 2021 . Penasaran Kan Mengapa Pabrik Daihatsu yang Merakit Toyota Avanza? Ternyata Karena Alasan Ini . 29 January 2024 . momobil.id.
9. Web site: Isuzu . 29 January 2024 . Astra International.
10. Web site: UD Trucks . 29 January 2024 . Astra International.
11. Web site: 2021-03-08 . Sejarah BMW Bersama Astra . 2024-01-29 . BMW Astra . en-US.
12. Web site: FADLURROHMAN . FAKHRI . 2023-06-06 . Menengok Produksi Mobil BMW di Jakarta Utara . 2024-01-29 . kompas.id . id.
13. Web site: Honda . 29 January 2024 . Astra International.