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Our History
VKTR traces its roots to PT Bakrie Steel Industries, a company founded in 2007 to distribute commercial vehicles and metal components. In March 2022, the company was transformed into PT VKTR Teknologi Mobilitas Tbk; this strategic shift aligned the business with Indonesia’s push towards low emission transportation
In 2019, the company focused on distributing commercial vehicle and heavy equipment components for mining contractor companies, palm oil plantations, logistics companies, and other organizations such as Organisasi Angkutan Darat, Asosiasi Pengguna Truk Indonesia, and Ikatan Pengusaha Otobus Muda Indonesia.
In 2022, the company transformed into PT VKTR Teknologi Mobilitas Tbk, following the founding shareholders’ approval with business focus on electric vehicles’ trading & manufacturing (assembly and carrosserie of electric buses) and electric vehicle spare parts (Original Equipment Manufacturer (OEM)) trading.
Through the transformation, VKTR focused its business on trading and manufacturing electric vehicles, spare parts and car accessories, while divesting noncore operations. The company listed its shares on the Indonesia Stock Exchange on 19 June 2023, becoming a public company and signalling its commitment to transparency.
VKTR has continued to expand its electric vehicle footprint. Throughout 2024, the company delivered its own complete knocked-down (CKD) electric buses and initiated orders for 20 units of 12 - meter Transjakarta buses, with delivery targeted for the end of 2024. Beyond Transjakarta, VKTR secured purchase orders from government agencies and state-owned enterprises for garbage compactors, dump trucks and drumroll trucks. Construction of Indonesia’s first CKD electric vehicle assembly facility in Magelang is under way and will produce 12-meter electric buses with local content above 40 %, positioning Indonesia as a regional EV production hub.
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Commitment to Quality
PT VKTR Teknologi Mobilitas Tbk’s commitment to quality traces back to its origins as PT Bakrie Steel Industries. Supported by a dedicated Engineering & Quality Control team, the company continues to develop high‑quality automotive parts for Agen Tunggal Pemilik Merek (ATPM) and its partners. In 2024, VKTR strengthened collaborations with global manufacturers, such as Hino, Mitsubishi Fuso, Suzuki, Daihatsu, Toyota, Yanmar and Komatsu, while prioritizing local content. These partnerships ensure that spare parts meet stringent international standards and comply with Indonesia’s 40 percent local content (TKDN) requirement, including certification for the 12‑meter electric bus.
VKTR’s subsidiaries operate under rigorous quality systems certified by international bodies. PT Bakrie Autoparts obtained the IATF 16949 quality management certificate from TÜV SÜD for manufacturing casted and machined parts such as brake drums, fly wheels, disc brakes, hubs, parking brake drums and bracket generators. This certificate, valid from 25 June 2024 to 24 June 2027, is complemented by ISO 9001:2015 and ISO 14001:2015 certifications for quality and environmental management. PT Braja Mukti Cakra holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications for machining and assembling parts used in engines, drive axles and brake systems.
This focus on quality has been recognised by customers and stakeholders. In 2024, PT Braja Mukti Cakra received awards from PT Isuzu Motor Indonesia for excellent quality performance and perfect OEM delivery, and from PT Hino Motors Manufacturing Indonesia for Kaizen contributions and quality performance. The company also earned the “Best Innovation Management 2024” award from the Isuzu Supply Chain Partner and other accolades for environmental management and community engagement.
Quality assurance is embedded throughout VKTR’s operations. The company’s production facilities and CKD assembly infrastructure deliver reliable products; by the end of 2024, 84 electric buses were operating without major issues. Continuous improvement, lean manufacturing and Kaizen practices enable the engineering and quality control teams to maintain high standards, ensuring that VKTR remains a trusted partner for original equipment manufacturers and fleet operators while contributing to Indonesia’s shift toward sustainable, low‑emission transportation.
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Pivoting to EV
In 2022, PT Bakrie Steel Industries evolved into PT VKTR Teknologi Mobilitas Tbk, signalling a strategic shift from conventional automotive components to electric mobility. This transformation was driven by a commitment to build and assemble commercial electric vehicles (EVs) and distribute EV spare parts, aligning with Indonesia’s low‑emission transportation goals.
VKTR has since forged strategic partnerships to accelerate this pivot. Early in 2024, the Company entered a joint venture with Indomobil (through PT IMG Sejahtera Langgeng) to develop passenger and commercial EV, combining VKTR’s expertise in EV technology with Indomobil’s distribution network and supporting Indonesia’s Net Zero Emissions 2060 target.
A second joint venture with Pertamina New & Renewable Energy (PNRE) aims to deliver around 1,000 commercial EVs, including electric buses, through an innovative e‑Mobility as a Service (e‑MaaS) model that allows customers to pay only operational costs without upfront capital expenditure.
To localize production, VKTR, via its subsidiary PT VKTR Sakti Industries (VKTS), began constructing Indonesia’s first CKD‑based commercial EV assembly facility in Magelang, Central Java. This plant is designed as a hub for technology transfer, research and development, and will assemble global EV brands such as BYD. The facility supports national green‑job creation and reinforces VKTR’s role as a pioneer of commercial EVs.
Innovation has been central to the pivot. Throughout 2024, VKTR developed market‑driven prototypes 12‑meter and 8‑meter electric buses, transporters, tractor heads, light‑ and heavy‑duty trucks and electric forklifts, that potential customers can test directly. Unit trials across various industries demonstrated the performance and reliability of these vehicles and helped accelerate adoption. To lower adoption barriers, VKTR introduced an e‑MaaS scheme, allowing clients to transition to EVs without capital outlay and encouraging wider electrification.
This strategic pivot has already yielded results. In 2024, VKTR recorded a 44 % year-on-year increase in EV sales and completed the Magelang facility. The company delivered 29 electric buses and chassis to Transjakarta operators and deployed its first electric buses for airport mobility, while also introducing the first electric compactor truck at Ibu Kota Negara (IKN) and delivering seven electric forklifts. These achievements, along with recognition at the 2024 EV Industry Summit, where VKTR won the EV Bus & Heavy Duty Manufacture Innovation and EV Ecosystem Innovation awards underscore the company’s leadership in Indonesia’s burgeoning electric vehicle sector.
Together, these initiatives illustrate how VKTR’s pivot to electric mobility is not only reshaping its business model but also advancing Indonesia’s transition toward a low-emission, sustainable transportation future.
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Paving the Way Towards an Emission-Free Nation
