Hindustan Motors firms up on unveiling upgraded version of “Mitsubishi Montero”

Hindustan Motors is currently trading at Rs 10.05, up by 0.28 points or 2.87% from its previous closing of Rs 9.77 on the BSE.

The scrip opened at Rs 9.90 and has touched a high and low of Rs 10.05 and Rs. 9.84 respectively. So far 7630 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 21.40 on 18-Apr-2011 and a 52 week low of Rs 7.58 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs 10.23 and Rs 9.51 respectively. The current market cap of the company is Rs 171.24 crore.

The promoters holding in the company stood at 32.19% while Institutions and Non-Institutions held 5.73% and 62.08% respectively.

Hindustan Motors has launched an upgraded version of the popular Mitsubishi Montero with a host of new features which have enhanced the design and ambience quotient of the sturdy SUV. The value-added features comprise new muscular coloured key front bumper, new chrome radiator grille, new finish on power window panel and new stitch design on leather seats.

Montero’s other acclaimed features like 3.2 liter DOHC diesel engine with intercooler and turbocharger, 202 PS at 3800 rpm power and 441 Nm at 2000 rpm torque continue to provide the vehicle formidable power and thrust. The vehicle is available in solid white, black mica and cool silver metallic shades.

Further, the company repositioned the price of Mitsubishi’s sedan Cedia, a car with a strong rally pedigree, at Rs 7.99 lakh, ex-showroom New Delhi, enhancing the value-for-money quotient for its numerous enthusiasts.

Earlier in March, the company had unveiled an upgraded Mitsubishi Outlander 2012.

Hindustan Motors (HML), 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.