Units of Indonesia's Astra, Toyota set up vehicle rental company

JAKARTA : Units of Indonesian auto distributor Astra International and Japanese carmaker Toyota Motor Corp announced Friday a joint venture that will provide vehicle rental services in the Southeast Asia's biggest economy.

The joint venture company, called PT Mobilitas Digital Indonesia, is expected to start operating in the fourth quarter of this year, according to a statement released by the companies.In its early stage, the new company will be focusing their services in Java island, according to the statement. The announcement came after Indonesia said this week that Toyota plans to invest 27.1 trillion rupiah in the country over the next five years to produce electric vehicles.

aldotjahjadi8 How many more rental companies? 😅 They have TRAC, ASSA, Kinto

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toyota group company CFO casts doubt on automaker's output goalTOKYO : Toyota Tsusho Corp, part of the Toyota group, does not expect Toyota Motor Corp to meet its target to produce a record 9.7 million vehicles worldwide this business year, an executive at the trading firm said on Friday.The comment is likely to add to speculation among analysts and investors that th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »