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.

It may easily be recalled here that assistant general manager (North Zone) Romesh Lalwani, quit in July and executive vice president Moloy Chowdhury, resigned in June this year. In fact, the troubles really started when in May, the company's managing director R Santhanam had also resigned and Manoj Jha had replaced him for a period of five years.

However, the spokesperson said that it is the normal industry movements and there is nothing unusual in this event.

It has been learned from the sources that salaries are being delayed in HM, which in May said it would approach the Board for Industrial and Financial Reconstruction (BIFR) due to eroding net worth.