500500:BOM
Hindustan Motors Ord Shs
₹ १३.९३
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अक्टोबर १६, १५:५७:३१ GMT+५:३० · INR
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Profile
Hindustan Motors was an Indian automotive manufacturer based in Kolkata. It was a part of the Birla Technical Services conglomerate. Hindustan Motors held the largest share of the Indian passenger car market until the early 1980s, when Maruti Udyog began production and significantly altered the competitive landscape. Hindustan Motors manufactured the Ambassador and Landmaster motorcars, both immensely popular Indian automobiles from 1957 to 2014.
One of the original three car manufacturers in India, founded in 1942 by Mr. B.M. Birla, it was a leader in car sales until the 1980s, when the industry was opened up from protection. Manoj Jha was the managing director who stepped down from the post on 21 February 2012.
In early 2013, Hindustan Motors announced that it will demerger and transfer its Chennai plant to its fully owned subsidiary Hindustan Motor Finance Corporation Limited.
On 11 February 2017, Hindustan Motors executed an agreement with PSA Group for the sale of the Ambassador brand, including the trademarks, for a consideration of ₹80 crore. The tie-up entails two joint venture agreements between the companies of the two groups. Wikipedia
About Hindustan Motors Ord Shs