Our History

Through the years, we have transformed into a multi-industry regional business group.

It all began in 1899 when the Federal Stores (later renamed Cycle & Carriage) was set up as a sundries shop in Kuala Lumpur, Malaysia. Selling everything from soap, screwdrivers to bicycles, and subsequently motor cars, the company expanded to Singapore in 1926, where it is still headquartered today.

Notwithstanding almost 120 years history including during times of adversity and conflicts, the company’s resilience was a case of deftly adapting to changes and holding fast to excellence, which remain its hallmark until this day.

Learn more about our history in 1899, The Cycle & Carriage Century.



  • The Group celebrated its 120th anniversary.


  • Cycle & Carriage Singapore began a partnership with BYD, distributing lithium iron phosphate electric forklifts in Singapore.


  • Acquired 10.0% in Vietnam Dairy Products Joint Stock Company, known as Vinamilk. Vinamilk is the leading dairy producer in Vietnam. The interest now stands at 10.6%.


  • Raised S$1.0 billion in a rights issue.

  • Acquired 24.9% interest in Siam City Cement, the second largest cement manufacturer in Thailand. The interest now stands at 25.5%.


  • Established 60% joint-venture, Cycle & Carriage Automobile Myanmar (CCM).


  • Acquired 10.24% interest in Refrigeration Electrical Engineering Corporation, a diversified Vietnamese business group. The interest now stands at 29.0%.


  • Acquired 20.5% interest in Truong Hai Auto Corporation (THACO), a leading Vietnamese automotive company. The interest now stands at 26.6%.


  • Cycle & Carriage Singapore commenced distributing Citroën passenger cars and commercial vehicles in Singapore.

  • Cycle & Carriage Singapore opened the first Mercedes-Benz Center outside Europe.


  • Astra International became a subsidiary.


  • Acquired 37.4% interest in Tunas Ridean, one of the largest automotive dealer groups in Indonesia. The interest now stands at 46.2%.

  • Cycle & Carriage was renamed Jardine Cycle & Carriage following the integration into the Jardine Matheson Group in 2002. The name change recognises Cycle & Carriage’s distinguished 104-year operating history and firmly establishes Jardine Cycle & Carriage as part of the Jardine Matheson Group.


  • Cycle & Carriage Bintang and Daimler Chrysler AG formed a joint venture company, Daimler Chrysler Malaysia Sdn Bhd (later renamed Mercedes-Benz Malaysia) to distribute Mercedes-Benz vehicles in Malaysia.


  • Cycle & Carriage became a subsidiary of the Jardine Matheson Group when major shareholder, Jardine Strategic Holdings, increased its stake to over 50%.


  • Cycle & Carriage commenced retailing Kia vehicles in Singapore.

  • Partnered Daimler Chrysler AG to become an exclusive dealer for Mercedes-Benz in Singapore.

  • Acquired 31% interest in P.T. Astra International Tbk, a leading diversified group in Indonesia. The interest now stands at 50.1%.


  • The Group celebrated its 100th anniversary.


  • Cycle & Carriage Bintang was listed on the Kuala Lumpur Stock Exchange.

  • Cycle & Carriage commenced retailing Mitsubishi vehicles in Singapore.


  • Cycle & Carriage was formed and listed on the Stock Exchange of Malaysia and Singapore.


  • Awarded the Mercedes-Benz franchise.


  • The Cycle & Carriage Company (1926) was incorporated as a public company in Singapore.


  • Cycle & Carriage was registered as a private limited liability company in the Federated Malay States.


  • The Chua brothers opened the Federal Stores in Kuala Lumpur. Cycle & Carriage was formed on 15th June.