Report – Hindustan Motors rejigs top management, to rope in consultant


Karthik H, A bit of a car freak and a bike nut, and a fan of trucks and technology too. Expect sharp stories that focus on those four fronts. As always, stay tuned to for quick and unassuming updates from across the world.

Hindustan Motors’ attempts to pull itself out of financial trouble continues with a restructuring of its senior management.

A report on the Economic Times says that Uttam Bose has resigned as the company’s Managing Director and has taken up a position as its Additional Director. Moloy Chowdhury will be appointed as Hindustan Motors’ Chief Executive Officer for a period of two years. Chief Financial Officer Aniruddha Sarkar will be designated as the CFO and head – legal. Present company secretary Tarun Kumar Kabra will take additional responsibility as compliance officer.

HM Ambassador Encore BS4
Hindustan Motors hopes that a major restructuring of its top management could be the key to a turnaround.

Apart from these sweeping changes, the company will also look to hire a consultant to get a perspective on the challenges and potential solutions for its Uttarpara manufacturing facility in West Bengal.

As of 9th May, managing director Uttam Bose, chief financial officer Yogesh Goenka and director Kranti Singh submitted their resignations to the board of directors.

It was recently reported that Hindustan Motors’ was in advanced stages of a dialogue to seek out a joint venture partner, with Uttam Bose stating that something will fructify before the end of this financial year.

The company also handed off its manufacturing facility in Chennai, where it contract manufactures for Mitsubishi and Isuzu, to an entity called the Hindustan Motor Finance Corporation.

[Source – The Economic Times]

Contribute to IAB
Submit Spyshots & get Bragging rights! Click Here
Custom Mods on your ride? Get it featured on IAB Submit

HM Ambassador News & Updates


Ban sought on diesel vehicles older than 10 years in Delhi – Report

Hindustan Ambassador BS4 diesel

Report – Hindustan Motors pays part of overdue wages; Uttarpara plant may never reopen

Hindustan Ambassador BS4 diesel

Report – WB govt to hold tripartite meeting with HM’s management and labour union

2011 HM Ambassador front three quarters

Report – Hindustan Motors shuts down Uttarpara plant until further notice

HM Ambassador sub-4 metre sedan

Report – Hindustan Motors talks to set up joint venture in “Advanced stage”

2011 HM Ambassador front three quarters

Report – Hindustan Motors begins process of handing over Chennai manufacturing plant