- CEO
- Faisal Albar bin Ali Rethza Albar
- Full Time Employees
- 39,610
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Wisma DRB-HICOM Shah Alam SE Malaysia 40150
- IPO Date
- Sep 4, 1992
- Business
- DRB-HICOM Berhad is a Malaysian conglomerate primarily engaged in the automotive manufacturing, assembly, and distribution industry, with additional operations in aerospace and defense, banking, postal services, and property development. The company manufactures and distributes passenger cars, motorcycles, four-wheel drives, trucks, and buses under various brands including Proton, Honda, Hyundai, Mitsubishi, Isuzu, and Citroen. It also produces military vehicles, car parts, and accessories, and provides services such as general insurance underwriting, electrical and engineering product distribution, solid waste management, and vehicle inspection. DRB-HICOM operates mainly in Malaysia with expanding activities in the ASEAN region and China. Founded in 1990 and headquartered in Shah Alam, Selangor, DRB-HICOM is a majority shareholder in Proton, sharing ownership with Zhejiang Geely Holding Group since 2017.
In recent years, DRB-HICOM has pursued a rationalization strategy focusing on disposing of non-core assets and enhancing operational efficiency while injecting new business lines to drive growth and profitability. Key recent moves include expanding research and development capabilities through a new R&D center in China to facilitate cross-border collaboration and build regional competencies. The company emphasizes advancing digital transformation across core sectors such as banking and postal services to improve operational efficiency. DRB-HICOM recently acquired Spirit AeroSystems Malaysia Sdn Bhd to strengthen its aerospace composites expertise and global supply chain positioning. Despite market challenges, the company targets increased sales volumes, with Honda Malaysia aiming to sell 95,000 units in 2025, up from 80,027 units in 2023. The group maintains its focus on cost management in aerospace, defense, services, and properties while continuing to develop residential and commercial property projects.
DRB-HICOM’s automotive segment remains the main profit contributor, supplemented by banking growth through entities like Bank Muamalat and ongoing strategic partnerships in the automotive and aerospace sectors. The company trades on Bursa Malaysia (ticker 1619.KL) and continues to adapt to economic conditions with initiatives to reduce import dependence by strengthening relationships with local suppliers and investing in automation to improve manufacturing capacity and efficiency.