Hindustan Motors (HM) has received an approval to divest the whole or part of the business / interests of the company in the Forge Shop and Foundry Shop at Uttarpara, West Bengal to such parties and on such terms and conditions as may be deemed fit by the Managing Director of the company.
The above is however subject to approvals of lenders and other approvals as may be required. The board of directors at its meeting held on October 30, 2013 has approved for the same.
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.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 360.15 |
| Maruti Suzuki | 13452.25 |
| Mahindra & Mahindra | 3199.35 |
| Hyundai Motor India | 1901.25 |
| Mercury Metals | 35.39 |
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