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Hind Motor looks to monetise land as workers refuse to accept VRS

At present, the company has around 1,300 workers on its payroll. Hindustan Motors, the makers of the famous Ambassador cars, is mulling over monetising land available with its Uttarpara plant. This......

Fiat, Maruti, Tata in race to replace Kolkata's Ambassador cabs

Afer Maruti Suzuki and Tata Motors, now Fiat is set to join the race to replace Hindustan Motors’ Ambassador cars in Kolkata’s taxi segment. Image: Ambassador car. Photograph: Reuters......

Hindustan Motors offers VRS to employees

The C K Birla owned Hindustan Motors Limited, which was put under suspension of work since May 24 this year, today offered voluntary retirement scheme to all its employees.The VRS notice was pasted......

ICICI Bank acquires 5.15% stake in Hindustan Motors

Private sector lender ICICI Bank has acquired a 5.15 per cent stake in Hindustan Motors as part of settlement with the cash strapped maker of the iconic Ambassador car. In a filing to the BSE,......

Ambassador's journey: From 'wheels of India' to 'world's best taxi'

Rows of Ambassador cars are seen at the Hindustan Motors plant in Hindmotors. Photograph: Jayanta Shaw/Reuters Till the mid-nineties, Hindustan Motors’ Ambassador dominated the Indian roads......
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First-ever car ride?

It might have happened right after you were born, when they packed you up and took you home, or perhaps (if you were born in a non-car-centric... ...
10% of listed cos have wiped out shareholder wealth

The recent initial public offering (IPO) by low-cost carrier IndiGo raised quite a few eyebrows as the company's net worth had turned into a... ...
New Mitsubishi Pajero Sport India Launch Soon

The New Mitsubishi Pajero Sport will be unveiled in India sooner than expected, confirmed Mr. Uttam Bose, HMFCL's Managing Director. Though, the... ...
Hindustan Motors Posts Rs. 11 Crore Loss After Shut Down!

Hindustan Motors has recorded a loss of Rs. 11.25 crores in the period of April September 2015. This comes after a total net loss of Rs. 41.90... ...
Isuzu D-Max pick-up facelift revealed in Thailand

Isuzu Motors have given their D-Max pick-up truck a cosmetic makeover for the Thailand market. Apart from the cosmetic changes, there are some... ...

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