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....
- THE WEEK THAT WAS: Big fish eaten by bigger fish
- ANALYSIS: ZF puts in place a growth strategy
- VEHICLE ANALYSIS: MY2014 Peugeot 2008 1.2 VTi 82
- COMMENT: The UK's Scotland and EU parallels
- INTERVIEW: Paul Philpott, Kia UK President and CEO
- Largest Rolls-Royce order ever bound for Macau
- PARIS DEBUTS: Kia Optima diesel hybrid concept
- Jaguar launches India assembled XJ
- Lotus to restructure and up to 325 jobs could go
- GM Holden starts axing engineers - report
- Global Carsharing Market 2014-2018
- Bayerische Motoren Werke Aktiengesellschaft (BMW) - Financial and Strategic SWOT Analysis Review
- PLDB - vehicle cycle plan database (annual subscription)
- OLED Display Forecasts 2014-2024: The Rise of Plastic and Flexible Displays
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn