Hindustan Motors Limited (HML) is an Indian automobile manufacturer based in Kolkata, West Bengal. It was founded in 1942 and has a rich history in the Indian automotive industry.
HML is best known for producing the Ambassador, a car that was once a symbol of status and luxury in India. The Ambassador was based on the Morris Oxford series III and was in production for over six decades until 2014, when HML stopped production due to lack of demand.
In addition to the Ambassador, HML also produced a range of other vehicles, including trucks, buses, and utility vehicles. The company had a technical collaboration with Mitsubishi Motors of Japan, and many of HML's vehicles were based on Mitsubishi designs.
HML faced several challenges in recent years, including intense competition from foreign brands, changing consumer preferences, and declining sales. The company's financial performance has been weak, and it has struggled to modernize its manufacturing facilities and introduce new models.
Despite these challenges, HML has a loyal customer base and continues to have a presence in the Indian automotive market. The company is working to revitalize its brand and improve its financial performance through strategic partnerships and new product development.
HML's impact on the Indian automotive industry has been significant. The Ambassador was a cultural icon and played a major role in the development of the Indian automotive sector. Today, HML continues to be a significant player in the industry and is working to adapt to the changing market conditions.
Manufacturer of Ambassador Car & Ambassador Crowned by Hindustan Motors Ltd, Kolkata
Rai has been visiting the factory relentlessly ever since suspension of work at the plant was announced on May 24. In Kolkata, there were about 33,000 Ambassador taxis at the end of 2013. The company on May 24 declared suspension of work at this unit, popularly known as Hind Motor factory. Additional 3,43,746 debentures were allotted to retain oversubscription. G N Pareek, Company Secretary, Y Goenka has been appointed as the Company Secretary. When we entered the factory complex on Monday, the silence was deafening. Another 6,400 shares kept in abeyance issued.
Hindustan Motors
For a while, we believed them. A full-fledged township was born housing two schools, a hospital, shopping centres, automated teller machine and bank, specialised sports academy, club, auditoria, lake, temples and other facilities. Is it the end of the road for Ambassador cars? Talks about a potential joint venture were also in the air. Remaining 15,00,000 shares offered to public. For over a decade, Ambassador cars struggled to stay afloat.
Hindustan Motors Limited, Kolkata
It is the producer of the Ambassador car, widely used as a taxi and as a government limousine. Apart from the pittance that she earns, the family of six has no other income. However, journey for one of the country's oldest and most popular cars has not been particularly smooth. N cranes and all types of steel fabrications. . A slice of history The Hind Motor factory has a long history. According to insiders, the projects that the company was working on -- for instance, a turbocharged 1.
