Indomobil Group Explained

PT Indomobil Sukses Internasional Tbk
Former Name:	PT Indomobil Investment Corporation (1976-1997)
Type:	Public PT
Predecessor:	^[1]
Revenue:	Rp 18.615 trillion (2019)
Net Income:	Rp 156 billion (2019)
Assets:	Rp 44.699 trillion (2019)
Equity:	Rp 9.40 trillion (2019)
Num Employees:	14,445 (2019)
Location:	Jakarta
Owners:	Gallant Venture (49.49%) Sejahtera Raya Perkasa (20.24%) Tritunggal Intipermata (18.17%)

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, John Deere, Kia, Land Rover, Maxus, Mercedes-Benz, Nissan, Renault Trucks, SDLG, Suzuki, Volkswagen, Volvo Buses, Volvo Construction Equipment, Volvo Trucks, and Yadea.

Current business

Passenger cars

• Mercedes-Benz,^[2] sole assembly and distribution of the marquee since October 2023,^[3] 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.^[4]
• Volkswagen and Audi, distributed through PT Garuda Mataram Motor (99.93%).^{[5] [6]}
• 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.^[7]
• 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,^[8] with PT Indomobil National Distributor as the distributor.^[9]
• Jaguar 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).^[10]
• Great Wall Motor, through PT Inchcape Indomobil Energi Baru (JV with Inchcape, 30% owned by Indomobil Group).^[11]
• GAC Aion, with PT Indomobil Energi Baru as the distributor.
• 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%),^[12] 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

• Volvo Construction Equipment, Volvo Penta, SDLG, Kalmar Port Equipment^[13] (Cargotec), and Manitou Material Handler distributed through PT Indotruck Utama.
• John Deere, Hiab (Cargotec), and Bandit Wood Chipper distributed through PT Wahana Inti Selaras (99.99%).

Financial services

• IMFI Financial Service, or PT Indomobil Finance (91.98%) a company focus on consumer finance for vehicles purchased from the group.
• Hino Finance, or PT Hino Finance Indonesia, owned 36.79% by the group, while 40% owned by Hino Motors Corporation (which owned 50% by Toyota Motor Corporation), and 20% by Summit Global Auto Management BV (which 100% owned by Sumitomo Corporation).^[14]
• Shinhan Indo Card, or PT Shinhan Indo Finance, a credit card company, owned 49% by Indomobil Group, and 51% by Shinhan Card Co Ltd^[15] (affiliate of Shinhan Financial Group).

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.,^[16] 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.^[17]
• 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.^[18]
• SIP Express, or PT Solusi Indomobil Perkasa, which provides last mile logistics.^[19]

Contracting Services

• Prima Contracting, or PT Prima Sarana Gemilang, a mining and general contractor.^[20]

Vehicle Parts

• Indoparts, or PT Central Sole Agency, that manufactures batteries, engine parts, brake shoe, tires, chain, belts, bearing, suspensions, and other automotive parts.^[21]
• 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^[22] 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.^{[23] [24]}
• Indostation, or PT Sentra Trada Indostation, which with ExxonMobil, provides one-stop-service micro gas stations and retail the Mobil petroleum brand.^[25]

Vehicle Repairs

• Autoglad, or PT Indomobil Sompo Jepang, a joint venture with SOMPO Holdings, which provides workshops for automotive body repairs.^[26]
• PT Indomobil Ekspres Truk, which operate in the repair and trading for trucks and buses.^[27]

Assembly, Body Builder and Manufacturing

• PT National Assemblers, assembly plant for various brands (99.97%).^[28]
• Kyokuto Indonesia, which manufactures and distribute truck attachments such as dump truck, concrete mixer, garbage compactor, and tailgate lifter.^[29] The manufacture is performed by PT Kyokuto Indomobil Manufacturing Indonesia and distributed by PT Kyokuto Indomobil Distributor Indonesia,^[30] 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.^[31]

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.^[32]

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.^[33] In January 2024, both parties ended the partnership.^[34]
• Chery, with distribution through PT Unicor Prima Motor, a joint venture founded in 2006 between Indomobil Group and Chery Automobile.^[35] In 2013, Chery exit from Indonesian market due to poor sales. The brand re-entered the Indonesian market under direct headquarters control.^[36]
• Datsun, which was assembled by PT Nissan Motor Indonesia from 2013 until 2020.^[37] In 2022, Nissan Motor retired the Datsun marquee globally.^[38]
• Infiniti, which was assembled by PT Nissan Motor Indonesia until 2018 due to poor sales.^[39]
• Mazda, which Indomobil Group was appointed as the sole distributor for Indonesian market since 1980s.^[40] 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.^[41]
• Marvia, through PT Marvia Graha Motor.^[42]
• Nissan Finance, or PT NFSI Financial Services, prior to April 2023 known as PT Nissan Financial Services Indonesia.^[43] 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.^{[44] [45]}
• 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,^[46] before it was taken over by Garansindo until 2021.^[47]

Notes and References

1. Web site: Indomobil Group .
2. Web site: Indonesia . C. N. N. . Indomobil Resmi Ambil Alih Mercedes-Benz Indonesia . 2024-01-26 . otomotif . id-ID.
3. Web site: Binekasri . Romys . Indomobil & Inchcape Resmi Akuisisi Mercedes-Benz Indonesia . 2024-01-29 . CNBC Indonesia . id-ID.
4. Web site: Home Mercedes-Benz Indonesia . 2024-01-26 . www.mercedes-benz.co.id.
5. Web site: 2022 . Annual Report 2022 . 26 January 2024 . Indomobil.
6. Web site: Legal Statement: PT Garuda Mataram Motor . Volkswagen Indonesia.
7. Web site: 28 May 2020 . Nissan to Close Indonesia, Spain Auto Plants After Losses . US News & World Report.
8. Web site: Citroen . Stellantis Bermitra Dengan Indomobil Untuk Meluncurkan Merek Citroën di Indonesia . 2024-01-26 . citroen.id . id.
9. Web site: Indonesia . Citroën . Buka Kantor dan Dealer Baru, Citroen Kokohkan Eksistensi di Indonesia . 2024-01-26 . otomotif . id-ID.
10. Web site: 2021-08-20 . Gandeng Indomobil (IMAS), Jaguar Land Rover Punya APM Baru di Indonesia . 2021-08-28 . Bisnis.com.
11. Web site: Liputan6.com . 2023-08-10 . Great Wall Motor Resmi Masuk Indonesia, Mulai Jualan 2024 . 2023-08-13 . liputan6.com . id.
12. Web site: PT Hino Motors Manufacturing Indonesia . 26 January 2024 . Hino Indonesia.
13. Web site: Selaras . Wahana Inti . PT Wahana Inti Selaras Authorized John Deere Dealer in Indonesia . 2024-01-26 . wiselgroup.indomobil.co.id . en.
14. Web site: 2022 . Hino Finance Indonesia: Annual Report 2022 . 26 January 2024 . PT Hnio Finance Indonesia.
15. Web site: Suryadi . Dede . 2017-03-25 . Gandeng Shinhan, Grup Indomobil Garap Kartu Kredit . 2024-01-26 . SWA.co.id . en.
16. Web site: INDOPENSKE Solusi Sewa Kendaraan Komersial Terbaik Dan Terpercaya . 2024-01-26 . www.indopenske.co.id.
17. Web site: Indomobil Group Seino . 2024-01-29 . seinoindomobil.co.id.
18. Web site: Indomobil Summit Logistics Menyediakan layanan logistik kendaraan baru yang cepat, dapat dipercaya, berkualitas, dan terbaik di Indonesia . 2024-01-29 . www.csmgroup.co.id.
19. Web site: SIP Express - Solusi pengiriman barang mudah, cepat dan aman untuk bisnis Anda . 2024-01-29 . sipexpress.co.id.
20. Web site: PT Prima Sarana Gemilang – Prima Sarana Gemilang . 2024-01-29 . id.
21. Web site: https://www.indoparts.id . 2024-01-29 . INDOPARTS Spareparts otomotif berkualitas harga terjangkau . 2024-01-29 . Indoparts.
22. Web site: Sumi Rubber Indonesia. PT (Dunlop Tyres) . 2024-01-29 . id361676-sumi-rubber-indonesia-pt-dunlop-tyres.contact.page . indonesian.
23. Web site: Maps - Company Information Sumitomo Wiring System, Ltd. . 2024-01-29 . Sumitomo Wiring System, Ltd. official website. . en.
24. Web site: Highlights . 2024-01-29 . siws.indoprima-group.com.
25. Web site: Sentra Trada Indostation - Indomobil Group . 2024-01-29 . st-indostation.co.id.
26. Web site: AUTO GLAD . 2024-01-29 . AUTO GLAD . en.
27. Web site: Mediatama . Grahanusa . 2018-02-08 . Indomobil Multi Jasa mendirikan usaha patungan sektor perbengkelan . 2024-01-29 . kontan.co.id . id.
28. Book: F, M. Anggarana . Perbaikan Proses Perakitan Mobil Jenis Truk Di PT National Assemblers Dengan Metode Business Process Improvement . 2009-01-01 . Universitas Telkom, S1 Teknik Industri . Indonesian.
29. Web site: KYOKUTO INDONESIA . 2024-01-29 . kyokuto.id.
30. Web site: Indomobil Group . 2024-01-29 . www.indomobil.com.
31. Web site: PERUSAHAAN INDUSTRI PRESSING: GAMBARAN UMUM STRUKTUR ORGANISASI DAN SDM PDF . 2024-01-29 . Scribd . en.
32. Web site: Teachcast - PT Indomobil Edukasi Utama - Indomobil Group . 2024-01-29 . teachcast.indomobil.co.id.
33. Web site: Khadafi . Muhammad . 2017-02-20 . Indomobil Satukan Gerai Renault dan Autobacs . 2024-01-29 . Bisnis.com . id.
34. Web site: Mediatama . Grahanusa . 2024-01-17 . Indomobil (IMAS) Berencana Akhiri Perjanjian Usaha dengan Autobacs Seven . 2024-01-29 . kontan.co.id . id.
35. Web site: Indomobil Stop Jualan Chery . 2024-01-26 . detikoto . id-ID.
36. Web site: Sejarah Mobil Chery, Ternyata Sudah Eksis di Indonesia Sejak 2006 . 2024-01-26 . www.mobbi.id.
37. Web site: Otosia.com . 2022-04-25 . Sempat Hadir di Indonesia, Datsun Pamit Secara Global . 2024-01-26 . otosia.com . id.
38. Web site: Nissan to stop making cars under Datsun brand . 2024-01-26 . Nikkei Asia . en-GB.
39. Web site: Rahadiansyah . Rangga . Ini Alasan Nissan Setop Penjualan Infiniti di Indonesia . 2024-01-26 . detikoto . id-ID.
40. Web site: developer . medcom id . 2016-10-17 . Sejarah Perjalanan Mazda di Indonesia . 2024-01-26 . medcom.id . id.
41. Web site: Otosia.com . 2017-02-02 . Eurokars Resmi Jadi ATPM dan Distributor Mazda di Indonesia . 2024-01-26 . otosia.com . id.
42. Web site: Raharja . Santosa Budi . 2018-10-24 . Embrio Mobil Nasional Yang Gagal: Mobnas "Mobira Dan Marvia" Rintisan Indomobil Yang Tersandung Legalitas. 2020-02-14 . Embrio Mobil Nasional Yang Gagal.
43. Web site: Anggraeni . Rika . 2023-04-14 . OJK Izinkan Nissan Financial Ganti Nama jadi NFSI Financial Services . 2024-01-26 . Bisnis.com . id.
44. Web site: 2023-08-04 . Indomaret Ambil Alih 90 Persen Saham Nissan Finance dari Indomobil Multi Jasa Rp559,69 – PT Indomarco Financial Services . 2024-01-26 . en-US.
45. Web site: idxchannel . Sah, Indomaret Kuasai 90 Persen Saham Nissan Finance (NFSI) . 2024-01-26 . www.idxchannel.com/ . id-ID.
46. Web site: Rayanti . Dina . Renault Lepas, Indomobil Masih Pegang Merek-merek Ini . 2024-01-26 . detikoto . id-ID.
47. Web site: Rahadiansyah . Rangga . Lepas dari Garansindo, Volvo Bakal Kembali ke Indonesia . 2024-01-26 . detikoto . id-ID.