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.
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
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
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
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