Hindustan Motors (HM), a C K Birla Group firm, has handed over the possession of the Chennai Car Plant located at Adigathur, Kadambathur, Tiruvallur in the state of Tamil Nadu on March 30, 2014 to Hindustan Motor Finance Corporation (HMFC). The necessary approvals of the lenders and the Tamil Nadu Government with respect to the transfer and other necessary approvals as may be required are under process.
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.
