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  Hindustan Motors sells Ambassador to Peugeot for Rs 80 crore

  February 11, 2017 10:59 IST

  CK Birla controlled Hindustan Motors Ltd, the maker of iconic Ambassador car which used to be a symbol of the high and mighty in power corridors, has sold the ‘Ambassador’ brand to French carmaker Peugeot.

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  ICICI Bank acquires 5.15% stake in Hindustan Motors

  October 07, 2014 9:36 IST

  New Delhi: Private sector lender ICICI Bank has acquired a 5.15 per cent stake in Hindustan Motors as part of settlement with the cash strapped maker of the iconic Ambassador car.In a filing to the

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  Hindustan Motors terminates 240 managerial staff

  June 07, 2014 21:22 IST

  Kolkata: India's oldest car maker Hindustan Motors, which declared suspension of work at its Uttarpara plant on May 24, has terminated the services of around 240 managerial staff.The company, however, retained some staff in disciplines

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  C K Birla steps down as chairman of Hindustan Motors

  December 29, 2013 7:58 IST

  Kolkata: Two days after the company's AGM for the extended 18-month financial year, C K Birla Saturday stepped down as chairman of the ailing automobile company Hindustan Motors (HM) Ltd.While Birla did not reply to