INDIA: Hindustan Motors open to talks with automakers over capacity
Hindustan Motors (HM) is open to discussions with automakers regarding the use of excess capacity at its Chennai facility.
HM managing director and CEO, Uttam Bose told PTI, "We are open to talks with other automakers as we have substantial capacity at the Chennai plant. After the de-merger, HM will particularly focus on the SUV segment."
Bose said the 24,000-unit-per-year Chennai plant was making profits, and the Uttarpara facility in West Bengal would break even by March. To ensure this, the company will increase margins and cut costs.
Hindustan Motors has signed an agreement with Isuzu Motors' Indian subsidiary to contract manufacture SUVs and pickup trucks in the country....
- ANALYSIS: What does TPP mean for autos?
- VEHICLE ANALYSIS: Redesigned Vauxhall (Opel) Astra
- Thailand looks to end first-time buyer overhang
- VEHICLE ANALYSIS: Audi S8 & future models
- THE WEEK THAT WAS: Range Rover Evoque Brazil build
- VW withdraws most 2016 US diesels
- ADAS seeing ‘unprecedented growth'
- VW India issues stop-sale order for Polo
- EXCLUSIVE: Fiat UK returning to C segment in 2016
- 65 plate takes UK sales to September record
- Global light vehicle safety systems market- forecasts to 2030
- Global light vehicle engine technologies market- forecasts to 2030
- Global light vehicle OE exhaust & emissions aftertreatment systems - forecasts to 2030
- Ford Motor Company (F) - Financial and Strategic SWOT Analysis Review
- Global light vehicle electric motors market- forecasts to 2030