Astra spokesman Aminuddin said that Japan's Honda Motor Co Ltd [HMC] plans to invest Rp1.28 trillion (US$152 million) in a subsidiary of Astra International, the country's largest automotive company.

Aminuddin said that with the investment, HMC would be a 43.47 percent shareholder of PT Federal Motor and Astra would keep the remaining 56.63 percent.

In November Federal Motor and Honda Federal will be merged and the shares in the merged company would be split fifty-fifty by Astra and HMC, Aminuddin said.