HM looking for component business for revival

Saturday, November 15, 2008

Ambassador Hindustan Motors the Ambassador developing car, the biggest reliable car for the Indian polity is now highly planned to move ahead to become the automobile component manufacturer instead of becoming a developer for the new models. As per information provided by the company officials. Recently the company Chairman C.K.Birla has been caught stating that the key for the revival components for the business of the company to proceed are forgings, castings, and stampings all being produced at the Uttarpara factory which is situated near Kolkata. He beleives that by moving along with the present idea their company can make a profit of 30-40 percent instead of the present 10 percent revenues been collected. Officials of the company also believes that business deals can go upto significant amount till by the start of the next year. Since 2004 the company was in benefit forever since the Indian government had all its purchases from its manufacturers. But the year after it was noticed that the government orders for the car started decreasing to a significant amount. And to remove the hard loss effects company moved forward with these significant steps.
Still with such situation Birla believes that their company is not going to launch any new models and it will still move with the very same model and they believes that the government is again going to start buying the cars with best possible comfort. The company is always in term to bring the reforms in the car and if in case the selling index still do not rises the company would think to launch another car in the market.

1 comments:

JD Rucker November 15, 2008 12:50 AM  

It's a tough market today. This is probably the smartest move, considering that fewer cars worldwide are being sold.

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