Mitsubishi UFJ Lease & Finance establishes J V to start auto auction business in Indonesia
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited has established PT. Balai Lelang Caready, an auto auction business, as a joint venture with PT. Takari Kokoh Sejahtera and PT. Blue Bird Tbk., the largest taxi operating company in Indonesia. Takari Kokoh Sejahtera is Mitsubishi’s automobile leasing subsidiary in Indonesia.[the_ad id="31605"]Indonesia, with the world’s fourth largest population, is the largest automobile market in ASEAN, where sales of both new and used cars are expected to continue growing. Caready will provide customers with highly satisfying services by building unique IT services that make it possible to complete all services from bidding to payment and delivery via a mobile device, as well as providing all-weather indoor auction sites and parking spaces for more than 1,000 vehicles. “By entering the auction business, we aim to strengthen the value chain in the automobile leasing sector in Indonesia, and further expand our leasing business in the country,” a statement issued by Mitsubishi UFJ said.