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Hindustan Motors in talks with sports utility vehicle makers across Europe

22 Feb 2013 Evaluate

Hindustan Motors (HM), the makers of the good old Ambassador car in India, is in discussion with sports utility vehicle makers across Europe and other markets in order to use the surplus capacity of its Chennai car plant. The Chennai plant has capacity of producing 24,000 unit a year plant and currently it is producing the Pajero sport and Outlander vehicles from the stable of its partner Mitsubishi, while importing and marketing a third brand, Montero, in India.

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.

Hindustan Motors Share Price

16.44 -0.42 (-2.49%)
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