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Rural Markets act as magnets for the Auto Giants
Indian auto market has shown an accelerating growth. The automakers are now looking forward to invest in the rural auto market seeing the exceptional growth prospects. The biggies in the auto industry
Force Motors intends to launch new SUV – Force Explorer
Force Motors is planning to introduce a brand new SUV. This new product, Force Explorer, from the company is speculated to serve the urban market. Force Motors, the Pune based company is expecting tha
Hindustan Motors becomes a part of 2000-km car rally in the South
Hindustan Motors’ 2 dozen Ambassador cars will be seen hitting the Western Ghat mountain range covering the rugged and the diverse land of Karnataka, Goa, Kerala and Tamil Nadu. All these cars will be
Hindustan Motors to invest Rs 1.6 billion to increase its stake
Hindustan Motors, one of the oldest auto makers in India, has planned to spend rupees 1.6 billion to purchase shares of the HM Export Ltd. The Hindustan Motors Export Ltd., is a subsidiary company and
India to record world's fastest car sales growth
The top gear drive of India in car sales will help it to pip China as world’s fastest-growing market in the world. According to a study by Ernst &, the market of India will record the fastest compound
4 new variants of Ambassador to launch next year
Earlier, Hindustan Motors had been reported for providing a totally new makeover to its model Ambassador. Recently, the company has said that it will launch 4 new variants of its popular model Ambassa
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Hindustan Motors seeks new auto contract manufacturing business
Hindustan Motors Ltd is in discussion overseas for contract manufacturing at its Chennai plant, which is presently operating at sub-optimal capacity. Managing Director, Manoj Jha said that during the
Indian Govt. claims India to be the 7th largest vehicle producing country globally
The Indian government has recently claimed that six years ahead of the set target, India has become the seventh largest vehicle producing nation in the world. Secretary of Ministry of Heavy Industry B
Top officials’ exit continues at Hindustan Motors
Hindustan Motors, the maker of the age-old iconic Ambassador car, is going through exits at the top level management. Even the chief GM of sales and marketing, Ratan Singh has now joined the list of s
HM's favourite Ambassador to get makeover by 2011
Ambassador, one of the oldest car in the Indian market which borrows most of its styling cues from Morris Oxford series III (Ambassador) is all set to be launched in a completely new avatar in the Ind
Hindustan Motors ties-up with SBI
Hindustan Motors Limited (HML), a C K Birla Group owned company, entered into a tie-up with the leading public sector lender State Bank of India (SBI) to provide retail finance for the company's passe
Hindustan Motors plans to double the capacity of TN plant
Hindustan Motor, country's oldest and the most reputed car maker revealed its plans to expand the production capacity of its manufacturing unit at Thiruvallur by the year 2012. The officials from the
HM to source new diesel engine for Ambassador
Hindustan Motors, one of India's oldest car maker, may source a new diesel engine from foreign suppliers, to replace the existing engine with an all new 1.5 liter engine in its popular Ambassador mode
Auto component industry ready to grow high
As the car market in India is going through a robust growth phase, the auto component industry is all set to touch new heights. At present, the Indian auto components industry accounts for 0.9 per cen
HM says, its 50% net worth wiped out by losses
Hindustan Motors, one of the oldest car maker of India announced on Monday that it will soon report to the BIFR (Board for Industrial and Financial Reconstruction) as company's net worth has wiped-out
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