Hindustan Motors, a CK Birla Group company, board of directors, will be meeting on January 10 to deliberate upon the issue of restructuring.
Recently, in a bid to offer easy financing facilities to its customers, the automotive major signed memorandum of understanding (MoU) with public sector lender United Bank of India (UBI). The agreement will benefit the company’s countrywide customers to avail retail finance support from 1,690 branches of the bank spread across the country with just 10 percent buyer margin payment.
Hindustan Motors is India’s pioneering automobile manufacturing company manufactures passenger cars, Multi Utility Vehicles and RTV. It also manufactures passenger cars in the mid size premium segment (Mitsubishi Lancer, Lancer Select, and Lancer Cedia) and has brought the Sports Utility Vehicle (Mitsubishi Pajero) into the Indian market, in collaboration with Mitsubishi Motors of Japan.
