ALD and Mitsubishi HC Capital establish their second joint venture in Thailand
ALD and Mitsubishi HC Capital expanded their partnership by establishing their second joint venture in Thailand to provide full-service operational leasing and mobility services.
The move represents the second partnership phase, which was launched by establishing ALD MHC Mobility Services Malaysia in 2020 and aimed to build a mobility business platform in ASEAN 1.
The new joint venture will combine the auto leasing portfolio of Bangkok Mitsubishi HC Capital and the expertise of ALD, along with its global customer network. The partnership aims to provide full operational leasing and mobility services in Thailand and expand to multinational and ALD’s vital international clients.
Representing the second largest mobility market in ASEAN after Indonesia, Thailand promises strong and steady growth in mobility and increasing demand for mobility and leasing services. Tim Albertsen, Chief Executive Officer of ALD, says, “With Mitsubishi HC Capital Inc.’s established presence in the region and our industry-leading expertise, our strategic partnership will help us to develop in all the key markets of Southeast Asia fully.”
Besides Malaysia and Thailand, ALD is present in Asia through its subsidiary in India, which has been active for over a decade, providing full-service leasing and fleet management services.