Autoinfoz » India Car News » Hindustan Motors » Hindustan Motors expected to join hands with global automobile firms
 



Hindustan Motors expected to join hands with global automobile firms

7 April, 2014
Bookmark and Share

Vexed Hindustan Motors (HM) is sticking trusts on its late divestment of the Chennai plant and has started converses with worldwide auto firms to set up a joint wander there. The Chennai plant produces autos under permit from Mitsubishi Motors of Japan. 

"We are pinning high hopes on the divestment of the Chennai plant as a part of restructuring strategy," managing director and CEO of HM Uttam Bose told PTI. Recently, HM divested the Chennai plant to an associate company Hind Hindustan Motors Finance Corporation (HMFC).

Hindustan Motors Ammbassador

Bose said that the organization was in banters with a few worldwide players in the vehicles segment for setting up a joint wander with the cohort company.

"Talks with the international companies are in an advanced stage and something will fructify definitely," Bose said.

Bose said that the organization was quick to expand joint wander organizations with the chose company which might begin manufacture movement there.

In spite of the fact that he didn't give a time span, Bose said something might solidify inside this money related year. The organization felt that there was a critical need to cut misfortunes, for which it recognized convenient to strip the Chennai auto plant. HM had been enduring misfortunes because of poor interest of its autos like Cedia, Outlander and the age-old Ammbassador auto fabricated at its Uttarpara plant in West Bengal.

By Abhishek
Total Views : 1026  
 
 
Post a Comment



   
Rate this post :  
   
 
Verify Code : *
   
 
 


 
Recent Post
Toyota aims to introduce mid-size sedan for India to undertake Honda City
City, Grand i10, Celerio, Zest waiting period extends to 4 months
Audi 2015 Autumn Collection launched in the presence of Katrina Kaif
Maruti Suzuki plans to make hybrids technology at affordable offers on cars from Alto to Swift hatchback
Honda CR-V facelift released prior to probable Paris debut
Mercedes-Benz C-Class plug-in hybrid at 42.5kmpl released
Next Generation Nissan Micra expected to launch in overdue 2016
Mahindra & Mahindra Begins pre-booking of Scorpio via Snapdeal partnership
Maruti Suzuki Appointed RS Kalsi as head of domestic marketing & sales
Pajero Sport Limited Edition on special offer for just Rs 23.99 lakh
 
Auto Expo 2017
Fiat Auto Expo News (1)
Mahindra Auto Expo News (1)
Toyota Auto Expo News (1)
Skoda Auto Expo News (1)
Nissan Auto Expo News (1)
BMW Auto Expo News (1)
Hyundai Auto Expo News (1)
Jaguar Auto Expo News (1)
Honda Auto Expo News (1)
Car News Auto Expo News (7)
    

Company News
Ashok Leyland News (7) Aston Martin News (4) Audi News (38) Bajaj News (3)
Bentley News (1) BMW News (53) Chevrolet News (27) Datsun News (6)
Ferrari News (4) Fiat News (20) Force News (2) Ford News (44)
Hindustan Motors News (4) Honda News (2) Honda News (72) Hyundai News (66)
Hyundai Elantra News (2) Isuzu News (5) Jaguar News (22) Jeep News (2)
Kia News (1) Lamborghini News (9) Land Rover News (10) Lexus News (1)
Mahindra News (50) Mahindra Renault News (1) Mahindra Reva News (3) Maruti Suzuki News (116)
Mazda News (4) Mercedes-Benz News (63) MINI News (2) Mitsubishi News (7)
Nisaan Cars News (3) Nissan News (55) Porsche News (14) Renault News (38)
Rolls-Royce News (3) Skoda News (36) Tata News (88) Toyota News (41)
Volkswagen News (50) Volvo News (12)
 
Other Category News
Car News News (10) Hyundai Elantra News (1)
 
 
 
 
Autoinfoz
Top Cars Models in India