Hindustan Motors Posts Rs. 11 Crore Loss After Shut Down!

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Hindustan Motors has recorded a loss of Rs. 11.25 crores in the period of April – September 2015. This comes after a total net loss of Rs. 41.90 crores for the year 2014-15. Hindustan Motors has recorded a loss of Rs. 11 crores for the April – September 2015 period Hindustan Motors is India’s oldest car manufacturer. It was started during the pre-independence era in Gujarat and later shifted its base to Uttarpara in West Bengal in 1948. Here it started manufacturing of the iconic Ambassador. The car which...