HM News

Hindustan Motors' Moloy Chowdhury Resign from his position as CEO

Oncars India June 15, 2015 7:16 PM IST

India’s one of the oldest carmakers – Hindustan Motors today announced that its Chief Executive Officer Moloy Chowdhury has resigned from the company. The resignation has been carried out with immediate effects and today was his last day as the CEO of Hindustan Motors, the maker of the now discontinued iconic 'Ambassador' car.

Hindustan Motors reports a net loss of INR 8.56 lakh in last quarter of 2014-15

Oncars India May 26, 2015 10:51 AM IST

Hindustan Motors, the manufacture of the iconic Indian car Ambassador has reported a net loss of INR 8.56 lakh in the last quarter that ended with March 2015. The company had reported a net profit of INR 12.44 crore for the same quarter of the previous fiscal. Net sales stood at INR 7 lakh for the fourth quarter, while the same was INR 91.72 crore in the same period of previous fiscal, the company said in a BSE filing.

Hindustan Motors India: Manufacturing defect causes fire in Ambassador, Hindustan Motors asked to hand over new car

Oncars India January 12, 2015 7:28 PM IST

The apex consumer commission has asked Hindustan Motors Limited to hand over a new car to Maharashtra Irrigation Department as the earlier one got burnt due to a "manufacturing defect". National Consumer Disputes Redressal Commission (NCDRC), presided by J M Malik, passed the order while dismissing the revision petition filed by Hindustan Motors Limited against an order of Maharashtra State Consumer Disputes Redressal Commission.

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