The auto major Hindustan MotorsLtd is looking to double the sales of its Ambassador car to 24,000 units per annum. The expansion plans will materialize in the next 15-18 months through the launch of six new variants. The company also plans to have both passenger cars and commercial vehicles in the next 12-15 months. The plans will materialize in the first quarter of 2011 and amongst the six variants, 4 would be of the Ambassador.
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Hindustan Motors' Managing Director Manoj Jha said, "It is a coveted addition to the HM-Mitsubishi product portfolio and will have a major impact in its segment in the Indian automotive scenario”. He also said, "We are confident of doing much better with the launch of our new variants in the coming days." He added, "Our auto components business is doing well. We have enough capacity -- around 1,000 tonnes each for forgings and castings. We plan to ramp it up in the coming days."
In addition to manufacturing the Ambassador, India's oldest passenger car model, it also makes auto components in its Uttarpara plant in west Bengal. Besides, Hindustan Motors has a technical tie-up with Mitsubishi Motors. Besides, the company's facility in Chennai manufactures Mitsubishi's Lancer and Pajero vehicles. Additionally the Tamil Nadu plant assembles Mitsubishi's Outlander sport utility vehicle.
Hindustan Motors Ltd will also enhance the monthly output of its small truck-Winner-to 1,000 at its Indore facility. Hindustan Motors has not provided any particular time-frame for this. At the Bombay Stock Exchange, Hindustan Motors gained 2.29% to Rs26.75 while the benchmark Sensex closed 1.73% down at 19,585.
source: www.autoblog.in
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