'This is purely a brand sale. It includes the Ambassador with its variants. Peugeot is likely to relaunch the brand with multiple variants.'
Hindustan Motors Ltd is planning to launch a new-age hatch-back version of the iconic Ambassador car.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Government sources say they believe the company gave a false picture of what it proposed to do with the money from the sale.
G P Birla, noted industrialist and the second most eldest member of the Birla clan, passed away after a brief illness in Kolkata on Friday evening. Birla, 86, was younger to his cousin B K Birla, who is now 90. His father, late B M Birla, was the founder of the GP-CK Birla group which has interests in automobiles, bearings, earthmoving, power transmission equipment, cement, fan, IT and consumer durables among others.
C K Birla group company Hindustan Motors has reported 50 per cent erosion in peak net worth and accumulated losses of the company stood at Rs 132 crore (Rs 1.32 billion).
Automobile firm Hindustan Motors today launched sports utility vehicle 'Outlander' in the country, priced at Rs 20.2 lakh) Rs 2.02 million), ex-showroom.
Japanese car maker Mitsubishi Motors Corporation has decided to manufacture its sports utility vehicle Outlander in India, through its Indian joint venture with Hindustan Motors, a C K Birla Group company. The Indian JV currently manufactures the Lancer range of sedans, sells Montero, a premium segment sedan, and imports completely built SUV Pajero. The company had earlier considered the option of importing Outlander as a fully-built unit for the Indian market.
Born on November 11, 1918, Birla called it a historic day (his birthday) in his autobiography, Brushes With History, as agreement of armistice for World War I was signed on that day. K K Birla inherited a legacy in which the creation of wealth, philanthropy and political leadership was all regarded as part of nation building.
Birla patriarch, B K Birla's decision to give Kesoram Industries to his grandson Kumarmangalam Birla has brought to focus the possibility of unlocking value in Kesoram through the demerger of its two main businesses - cement and tyre.
A CII delegation, led by Confederation of Indian Industry president and Bharti Enterprises CEO Sunil Bharti Mittal, called on US Democratic presidential candidate Senator Hillary Rodham Clinton at the Capitol Hill in Washington, DC on Wednesday.
Hindustan Motors Limited of the C K Birla group plans major diversification into the auto components sector, from its Uttarpara factory in West Bengal.
Hindustan Motors on Thursday launched Mitsubishi Lancer Cedia, which promises easy manoeuverability and strong road grip on the Indian roads.
GET Lionel India and SportzVillage will now promote sporting lifestyle and leisure activities among children and adults in India.
The company was also looking for a strategic investor for the revival of the Uttarpara plant.
Hindustan Motors said the company would consider restructuring its business.
Hindustan Motors Limited, a C K Birla group company, on Sunday launched the LPG version of its Ambassador for the taxi and private car segments in the country.
The patriarch of the Birla family, Basanta Kumar Birla, on Friday said that he was not worried about the 25 per cent stake held by Rajendra Lodha controlled M P Birla group in Pilani Investments as he and his grandson, Kumarmangalam Birla had now con
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.
The Calcutta high court on Wednesday adjourned the hearing of the application on dismissal of four caveats by the Birlas in the Birla vs Lodha case, till September 1.
C K Birla group company Hindustan Motors is in talks with a UK-based importer of Ambassador to introduce a sports version of the old workhorse in Britain.
Hindustan Motors Limited of C K Birla group will launch multi-utility vehicle manufactured at its Uttarpara plant in the state.
The VRS notice was pasted on the gates of the company's Uttarpara unit by the management, which said all workers would be paid their statutory dues plus and additional amount of Rs 100,000 each.
The B K Birla flagship Kesoram Industries Limited will close down the oil mills and extraction division of Bharat General Section at Malkapur in Maharashtra.
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