Hindustan Motors

Hindustan Motors to roll out Isuzu trucks, SUVs

Hindustan-MotorsChennai, June 28 : Kolkata-based Hindustan Motors Ltd (HML) said Friday it will contract manufacture sports utility vehicles (SUV) at its Thiruvallur plant near here for Isuzu Motors India Private Ltd.

In a statement issued here, Hindustan Motors said it has signed a contract manufacturing agreement with Isuzu Motors India, a subsidiary of Japan's Isuzu Motors to roll out SUVs and pickup trucks.

"The components for producing these vehicles will be imported by Isuzu Motors from Thailand and assembled in HML's factory," the statement said.

HM to launch new SUVs with Mitsubishi

Hindustan-Motors-Mitsubishi-LogoKolkata, Jan 15 : Hindustan Motors Limited (HML), the makers of the good old Ambassador car in India, is planning to launch new SUVs next fiscal in collaboration with Mitsubishi Motors Japan, a company official said here.

"Our focus is now on SUVs (sports utility vehicles) and we plan to launch new models on the Mitsubishi platform by the next fiscal," company managing director Uttam Bose told mediapersons on the sidelines of a programme here Monday.

Hindustan Motors approves demerger of Chennai car plant

Hindustan Motors approves demerger of Chennai car plantThe board of directors of Hindustan Motors (HML), which is a unit of the CK Birla Group, has approved a plan to demerge and transfer its Chennai car plant (CCP) to Hindustan Motor Finance Corporation Limited (HMFCL).

The board approved a scheme of arrangement between HML and Hindustan Motor Finance Corporation (HMFCL) and their shareholders and thus paved the way for the demerger of the Chennai Car Plant of HML. The plant will not be placed under HMFCL, which is owned subsidiary of HML, from April 1st, 2012.

Intraday Buy Call For Hindustan Motors

Intraday Buy Call For Hindustan MotorsTechnical analyst Anil Singhvi is bullish on Hindustan Motors Ltd and has recommended 'buy' rating on the stock with an intraday target of Rs 30.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 25.25.

The stock of the company, on Nov 23, closed at Rs 26.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 30.30 and a low of Rs 18.25 on BSE.

Current EPS is -5.96.

Hindustan Motors is all set to roll out a novel version of Ambassador in the market.

New generation ambassadors to be launched by next year

New generation ambassadors to be launched by next yearHindustan motors have claimed that they will be launching 4 new versions of their long known and acclaimed ambassadors within the next 15 months. The new versions are expected to be different from the existing ones both outwardly and inwardly, and are believed to be attracting all class of people, not limited to just institutional based buyers.

Can new Ambassador take HM out of the woods?

Can new Ambassador take HM out of the woods?The days when products like Hindustan Motors Ambassador used to rule the Indian passenger car market is still afresh in many Indian minds. However, the inability to change with times has taken its own toll from the company but last week the company has announced a major overhaul of the iconic Ambassador car.

While on the one end, many auto analysts and brand experts see it as a last shot at redemption for the car that ruled the pot-holed Indian roads for decades, some of them are still least interested.

Hindustan Motors suffering from exits?

Hindustan Motors suffering from exits?If the loss making product portfolio was not enough for the ailing auto major, Hindustan Motors, the maker of the age-old iconic Ambassador car, the company has been recently caught barefoot with the exits of several top level managers.

It is to be mentioned here that the latest casualty has been the chief general manager of sales and marketing Ratan Singh who will be joining the list of senior people, who have left the company recently.

Hindustan Motors eying a bright future

Hindustan Motors eying a bright futureWhile the iconic Ambassador has not been able to get high numbers for Hindustan Motors for the past many months despite several efforts, it is believed that the new plan devised by the company to relaunch the product in the Indian market will spell the magic.

In fact, the company has reported an Rs 19.7 crore loss during the April-June quarter of this fiscal which is notably, lower than the Rs 21.8 crore loss that the company filed in a year ago period.

Amby set for a comeback?

AmbassadorPerhaps the Ambassador, that made a lot of noise in the Indian automotive circuit in the 1970s and 1980s, it refusing to fade out of the Indian market.

It has been learned that the iconic model that is inspired from the lineage of Morris Oxford series II (Landmaster) and series III (Ambassador) is all set to undergo one of the most ambitious changes that has been made to the product in the past years.

In fact, with the heart as well as cosmetic surgery lined up for the product, it is believed that it will provide the much-needed boost to the diminishing popularity of the product in the Indian market.

Hindustan Motors Rolls Out New Variant Of Winner Mini Truck In Tamil Nadu

Hindustan Motors Rolls Out New Variant Of Winner Mini Truck In Tamil NaduHindustan Motors, a top player in Indian automobiles industry, has rolled out its latest product - Winner XD Mini truck in Tamil Nadu.

Mr. Rattan Singh, HM Chief General Manager, Sales and Marketing (Vehicle), introduced the mini truck for the entire state of Tamil Nadu.

Mr Singh said that the last financial was a challenging period for the company, which is well known for its age-old brand Ambassador car.

He added that Ambassador recorded a record 50% increase in sales regardless of strong rivalry.

Hindustan Motors inks deal with SBI for vehicle financing

Hindustan Motors inks deal with SBI for vehicle financingThe C K Birla Group flagship company Hindustan Motors Limited (HML) recently announced the deal signing among the company and the public sector banking unit State Bank of India.

Notably, according to the terms of the deal, the bank will be providing vehicle finance for the products of the company. According to the statements issued by the company, apart from providing finance for SBI, the bank will also be providing finances to a host of its individual buyers of HML's new 2.3-tonne mini truck, HM-Shifeng Winner.

Hindustan Motors MD exits

Ravi-SanthanamAmidst all the woes that Hindustan Motors is facing currently, the resignation of its MD Ravi Santharam comes as a shock to the company. While Santharam has cited personal reasons for his exit, it has once again fuelled the speculations of Hindustan Motors eventually getting out of the automotive business altogether.

Hindustan Motors is widely known as the maker of the once-popular Ambassador. However, today its products are not fairing that well in the Indian market.

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