Hindustan Motors scouting for investors to revive Uttarpara plant

Hindustan Motors Limited is scouting for new investors to revive its loss-making Uttarpara plant in West Bengal. "We are looking at all possible options for the revival of the Uttarpara plant,......

C K Birla steps down as chairman of Hindustan Motors

Two days after the company's AGM for the extended 18-month financial year, C K Birla stepped down as chairman of the ailing automobile company Hindustan Motors (HM) Ltd.While Birla did not reply to......

Ambassador manufacturer draws up revival plan for survival

C K Birla group company Hindustan Motors (HM) has drawn up plans for restructuring of the company which was suffering from poor cash flow due to lack of vehicle sales."HM remains fully committed to......