SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hindustan Motors along with European partner completes due diligence for EV project

28 Oct 2022 Evaluate

Hindustan Motors and its European partner have completed due diligence for the proposed electric two-wheeler project. After the formation of JV, around six months is required to start a pilot run. The structure of the JV is being finalised, including the proportion of equity to be held by both the partners.

The joint venture is likely to launch the electric vehicles (EV) in the next financial year at Hindustan Motors’ Uttarpara plant in West Bengal. The combined investment for the EV project will initially be around Rs 600 crore, following which the two companies would explore the possibility of entering the electric four-wheeler space.

Hindustan Motors equipped itself with state-of-the-art facilities for the production of passenger cars, trucks and multi utility vehicles.

Hindustan Motors Share Price

16.86 -0.18 (-1.06%)
23-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×