The 14th-floor office of Hindustan Motors at Birla Building in Kolkata wears a deserted look. Save a handful of staff and security guards, the place is an empty shell. But for the company it's "early signs of recovery".
Beleaguered automaker Hindustan Motors (HM), owned by the CK Birla Group, on Thursday decided to demerge and transfer its Chennai car plant (CCP) to its fully-owned subsidiary, Hindustan Motor Finance Corporation Limited (HMFCL).
Ambassador-maker Hindustan Motors (HM) has signed a memorandum of understanding (MoU) with United Bank of India (UBI) to faciliate trouble-free financing to its customers.
The beleaguered auto-maker Hindustan Motors is planning to engage other players to utilise the idle capacity at its Chennai plant where all Mitsubishi cars are assembled.
The West Bengal government may move court against Hindustan Motors (HM) to seek compensation of Rs 200 crore on grounds that the sale of land at the company’s Uttarpara plant was a loss to the state exchequer.
Car maker Hindustan Motors on Monday cut the prices of sedan Cedia of its Japanese partner Mitsubishi's portfolio by Rs 1.31 lakh with immediate effect.
Hindustan Motors, better known as the maker of Ambassador cars, today said four promoter group firms have increased their stake in the company to 32.19% by picking up an additional 6.82% through preferential allotment.
Car maker Hindustan Motors has fixed Rs 12.25 a share for its preferential allotment of 11.8 million shares and warrants each to promoters, it said in a statement late on Saturday.
Riding on a host of new launches, with a focus on the commercial vehicle segment, ailing auto maker Hindustan Motors (HM) is expecting a revival of fortune in another three years' time, a top company official said on Monday.
Ailing CK Birla group company Hindustan Motors today announced five-fold increase in vehicle sales to 50,000 by 2013-14 which would help the company to turnaround.
The company had posted a net loss of Rs 24.89 crore in the corresponding period previous year, Hindustan Motors said in a filing to the Bombay Stock Exchange (BSE).
Hindustan Motors has soared 9% to Rs 24.30 as the High Court at Calcutta, through its order dated December 15, 2010, confirmed the reduction in the company's share capital by lowering the paid-up value of its equity shares from Rs 10 to Rs 5 each.
Hindustan Motors has soared 9% to Rs 28.60 on reports that the company aims to double the sales of its iconic Ambassador car to 24,000 units per annum through launch of new variants.
Hindustan Motors (HM), one of India's oldest automotive companies, is planning to significantly raise the sales of its Ambassador model over the next 18 months through the launch of several new variants of the iconic car.
Buoyed by a boom in the domestic auto sector, auto major Hindustan Motors, today said that it aims to double the sales of its iconic Ambassador car to 24,000 units per annum through launch of new variants.
