- Business
- PT Mitra Pinasthika Mustika Tbk (MPMX.JK) is an Indonesia-based consumer automotive company that, through its subsidiaries, engages in the distribution, retail, and aftermarket services for two-wheel vehicles and spare parts under the Honda brand, primarily in East Java and East Nusa Tenggara Provinces; it also handles four-wheel vehicle sales and support activities under brands including Nissan and Datsun, used car sales, vehicle rentals with drivers, general insurance products such as motor vehicle, property, construction, money, transportation, and marine hull insurance, multipurpose financing for new and used vehicles, electronics, and corporate needs, motorcycle maintenance and vehicle repair services, oil lubricants distribution, and computer consulting and facility management services, operating retail outlets under the MPMotor and MPMulia names with a network of over 280 dealers and 40 outlets. The company operates through segments including Distribution, Retail, and Aftermarket; Transportation; and Insurance, targeting individual consumers, corporate clients, and the broader automotive ecosystem in Indonesia. Founded in 1987 and headquartered at Lippo Kuningan, 26th Floor, Jl. H.R. Rasuna Said Kav. B-12, Karet Kuningan, Jakarta, it maintains integrated business units from distribution to financing. Recent developments include the 2022 acquisition of 50% ownership in subsidiary MPMRent by Trusty Cars, ongoing digital transformation at MPMinsurance for policy issuance and claims, fleet expansion to 13,385 units by end-2023 with new branches planned in Balikpapan, Pekanbaru, and Palembang for subsidiaries MPMRent and PT Balai Lelang Asta Nara Jaya (AUKSI), and exploration of mergers and acquisitions in downstream automotive opportunities as of 2024.