What MBM Resources does

MBM Resources Berhad (Bursa Malaysia: MBMR) is a Malaysian publicly listed automotive conglomerate founded in 1980, operating two core divisions: motor trading and automotive parts manufacturing. The Motor Trading division functions as the sole distributor of Daihatsu vehicles in Malaysia and holds dealerships and distribution rights for Hino trucks, Perodua, Volvo, Volkswagen, Mitsubishi, Jaecoo, and Iveco. The group operates 46+ service centres and 17 Perodua showrooms across Malaysia, making it the largest independent Perodua dealer; it sold more than 25,000 vehicles and serviced more than 189,000 vehicles in 2020. The Automotive Parts Manufacturing division operates through OMI (steel and alloy wheels, with installed capacity exceeding 300,000 wheels per year), Autoliv Hirotako Safety Belt (safety restraint products, holding approximately 68% Malaysian market share for seatbelts), and Hirotako Acoustics (noise, vibration, and harshness products). The group also holds significant strategic equity stakes in Perodua (20%) and Hino Motors Manufacturing Malaysia (42%), giving it exposure to associate-level earnings tied to Malaysia's two largest mass-market and commercial-vehicle brands.

The group's revenue mechanics are diversified across new vehicle distribution, aftersales service, OEM parts supply, and equity-method income from associates. Distribution margins are derived from manufacturer-to-dealer spreads plus financing, insurance, and accessory attach; aftersales generates recurring high-margin revenue from service, parts, and collision work across the 46+ centre network; and the manufacturing division supplies wheels, seatbelts, and NVH components to all major car manufacturers in Malaysia. Strategic positioning rests on long-tenured OEM relationships: MBMR has been Daihatsu's exclusive Malaysian partner for more than four decades and operates as a Tier-1 supplier for OEM wheel, restraint, and NVH programmes. Reported financial scale includes FY2016 revenue of RM1.7 billion, with Q1 2024 revenue of RM617.1 million (+11% YoY), supported by 8,061 units of vehicle sales (+30% YoY) and 2.47 million units of manufacturing throughput (+10% YoY).

The business model is concentrated on Malaysian domestic automotive demand, with growth levers tied to model cycles (e.g., the Perodua Bezza launch which drove a 120% increase in associate contributions), new brand introductions such as Jaecoo, and manufacturing capacity additions including the OMI Alloy Rawang expansion. MBMR has articulated a RM250 million expansion programme covering manufacturing and distribution infrastructure, signalling continued capital deployment into Malaysian automotive value chain. Distribution pricing is not publicly disclosed at unit level, but the aftermarket service network and OEM supply contracts provide recurring, less cyclical revenue streams that partially insulate the group from new-vehicle launch lumpiness. Equity-method earnings from the 20% Perodua stake and 42% Hino stake are a material earnings driver, linking consolidated PBT to the volume cycles of these two brands.

Name

MBM Resources

Legal name

MBM Resources Berhad

Website

https://mbmr.com.my

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MBM Resources Berhad is a Malaysian publicly listed automotive conglomerate operating two divisions: motor trading (distribution of Daihatsu, Hino, Perodua, Volvo, Volkswagen, Jaecoo, and Iveco) and parts manufacturing (alloy wheels, safety restraints, NVH products) serving OEMs across Malaysia.

Ownership category

akta.pro rank

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Motor Trading: Revenue from distribution and dealership of major international and local vehicle brands including Daihatsu, Hino, Perodua, Volvo, Volkswagen, Mitsubishi, and Jaecoo. The Group's various dealerships and distributorships sold over 25,000 vehicles and serviced over 189,000 vehicles in 2020.
2. Automotive Parts Manufacturing: Revenue from manufacturing and supplying automotive parts including wheels (steel and alloy), safety restraint products (airbags, seat belts, steering wheels), NVH products, wheel modules, and commercial vehicle bodies to all major car manufacturers in Malaysia. Subsidiaries include Oriental Metal Industries (M) Sdn Bhd, OMI Alloy (M) Sdn Bhd, Hirotako Holdings Berhad, Hirotako Acoustics Sdn Bhd, and Autoliv Hirotako Sdn Bhd.
3. Aftersales Service and Parts: Recurring revenue from the nationwide service centre network covering 46+ branches, providing vehicle maintenance, repair, body and paint services. The network recorded over 166,000 service throughputs in 2013, growing 11-12% annually. This recurring service income is described as a defensive, recurring, and high-margin revenue stream.
4. Joint Venture Associate Contributions: Share of results from associates — primarily a 20% stake in Perodua and a 42% stake in Hino Motors Manufacturing Malaysia — contributing significantly to group PBT through dividend income and equity earnings.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

MBM Resources Berhad is a diversified Malaysian automotive conglomerate operating two core divisions: a Motor Trading division that distributes and retails commercial and passenger vehicle brands (Daihatsu, Hino, Perodua, Volvo, Volkswagen, Mitsubishi, Jaecoo) through its nationwide dealership and service centre network, and an Automotive Parts Manufacturing division that produces wheels (steel and alloy), safety restraint products (airbags, seat belts, steering wheels), and NVH products as OEM suppliers to all major car manufacturers in Malaysia.

Product overview

MBM Resources Berhad operates as a diversified automotive conglomerate with two core business areas: Motor Trading and Automotive Parts Manufacturing. The Motor Trading division involves distribution and dealership of major international and local vehicle brands including Daihatsu, Hino, Perodua, Volvo, Volkswagen, and newly added Jaecoo, covering commercial vehicles (trucks and buses) and passenger vehicles (from entry-level to luxury). The Automotive Parts Manufacturing division produces wheels (steel and alloy through Oriental Metal Industries and OMI Alloy), safety restraint products (airbags, seat belts, steering wheels through Autoliv Hirotako), and NVH products (through Hirotako Acoustics), supplying major car manufacturers in Malaysia. The company is a 20% stakeholder in Perodua and operates numerous subsidiaries including Federal Auto Holdings Berhad for motor trading and various manufacturing companies. This is a multi-brand, multi-segment automotive group structure rather than a unified software product platform.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• In 2020, dealerships sold over 25,000 vehicles and serviced over 189,000 vehicles
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered flagship, minor and core.

• Jaecoo (Chery Holdings)flagshipChannel Partner/ Reseller/ Distributor · 1 January 2024MBMR, through its wholly-owned subsidiary Federal Auto Holdings Berhad, entered a new dealership partnership with Jaecoo — a fast-growing premium SUV brand under Chery Holdings. First 1S outlet opened June 2024 at Menara MBMR in Kuala Lumpur, with a 4S outlet planned in Segambut for 2025. Jaecoo is positioned in the mid-market, complementing MBMR's existing entry-level (Perodua) and luxury (Volvo) portfolio.
• Iveco (CNH Industrial, Italy)minorChannel Partner/ Reseller/ Distributor · 1 January 2015MBMR commenced distributorship for Iveco commercial vehicles — a global manufacturer based in Turin, Italy, producing light, medium and heavy commercial vehicles, off-road trucks, and vehicles for special applications. Expected to become a major player in the Malaysian commercial vehicle segment.
• SAIC Motor Corporation Ltd (China)minorStrategic or Co-development Partner · 1 January 2013MBMR signed an initial MoU with China's SAIC Motor Corporation — China's largest listed automotive group — to revive the MG brand in Malaysia, including the prospect of local assembly. The partnership was viewed positively by analysts, though it was noted not to have immediate financial impact.
• Hino Motors Ltd (Japan)coreStrategic or Co-development Partner · 28 September 2012MBMR entered a joint venture with Japan's Hino Motors Ltd to establish Hino Motors Manufacturing (Malaysia) Sdn Bhd, the first Hino manufacturing plant in Malaysia. Located on a 42-acre site in Sendayan TechValley, Negeri Sembilan with initial investment of RM140 million and annual production capacity of ~10,000 units (trucks and buses). Hino Motors Ltd holds 58% stake; MBMR holds 42%. This marked an extension of their 35-year partnership from sales to full manufacturing.
• Autoliv Hirotako Sdn Bhd (AHSB)coreStrategic or Co-development Partner · 1 January 2012Joint venture in safety restraint systems manufacturing. AHSB is 51% owned via MBMR's subsidiary Hirotako Holdings Berhad, with the remaining stake held by Autoliv. AHSB is the specialist in seat belts (fitted in 68% of Malaysian-produced vehicles) and airbags, well-poised to capture growth from advancing vehicle safety standards.
• Perodua (Perusahaan Otomobil Kedua Sdn Bhd)coreStrategic or Co-development Partner · 1 January 1980MBMR holds a 20% stake in Perodua, Malaysia's largest car manufacturer. Through DMM Sales Sdn Bhd (operated by Daihatsu Malaysia), MBMR is the largest independent Perodua dealer in Malaysia with 17 showrooms and 12 service centres. Oriental Metal Industries (M) Sdn Bhd is a major wheel supplier to Perodua. The Bezza launch in July 2016 was a significant driver of MBMR's associate earnings.
• Daihatsu Motor Co Ltd (Japan)coreStrategic or Co-development Partner · 1 January 1980MBMR has been the sole distributor of Daihatsu motor vehicles in Malaysia since 1980 — a relationship spanning over 40 years. MBMR holds a 71.5% stake in Daihatsu (Malaysia) Sdn Bhd.

Scale indicators16 records

Recent moves10 records

Expansion highlights5 records

Regional players

• Cycle & Carriage Limited: Singapore-listed multi-brand automotive distributor operating across Southeast Asia under the Jardine Matheson group. Comparable in regional vehicle distribution model and partnership with Japanese OEMs, though primary geographic focus is Singapore/Indonesia.
• Astara Mobility: Spanish-headquartered multi-brand European vehicle importer and distributor with growing APAC presence. Comparable in pure-play distributor model, multi-brand strategy, and aftersales monetization — though primarily operates in EMEA.

Direct peers

• Inchcape plc: London-listed global automotive distributor and retailer representing multiple OEMs across markets. Comparable in pure-play multi-brand distribution, aftersales service network, and capital-light franchise model.
• Bermaz Auto Berhad: Malaysian vehicle distributor holding the Mazda franchise, with similar multi-brand dealership network and aftermarket exposure. Comparable in vehicle distribution economics, scale (~RM1-2B revenue), and Bursa Malaysia listing.
• DRB-HICOM Berhad: Malaysian-listed conglomerate that assembles Proton vehicles and runs national automotive distribution. Comparable in domestic OEM partnership model, assembly-plus-trading integrated value chain, and reliance on Malaysian TIV.
• UMW Holdings Berhad: Listed Malaysian conglomerate with Toyota assembly, motor trading, and industrial components businesses. Closely comparable in Japanese-OEM franchise model, local assembly, and parts manufacturing mix in Malaysia.
• Sime Darby Berhad: Malaysia's largest diversified automotive group with industrial equipment and motors dealerships across multiple brands. Materially comparable in integrated manufacturer-distributor-service-center structure serving the Malaysian market.
• Tan Chong Motor Holdings Berhad: Malaysian-listed long-time Nissan distributor with vehicle sales, assembly, and parts businesses. Comparable in Japanese-OEM franchise stewardship, Malaysian scale, and exposure to TIV cycles.

Broad incumbents

• Autoliv Inc: Global leader in automotive safety restraints (airbags, seat belts, steering wheels) and MBMR's JV partner in Autoliv Hirotako Sdn Bhd. Comparable as the safety-restraint manufacturer whose technology underpins MBMR's #1 Malaysian position.
• Boustead Holdings Berhad: Malaysian-listed conglomerate with significant automotive and heavy-equipment interests alongside defence, plantations and property. Comparable as a broad Bursa-listed group with meaningful Malaysian vehicle-distribution and manufacturing exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/oriental-metal-industries-m-sdn-bhd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MBM Resources