Hindustan Motors gears up for small car launch next FY

Written by Press Trust of India | Kolkata | Updated: Sep 25 2013, 08:27am hrs
Crisis-ridden Hindustan Motors, a CK Birla Group company, is gearing up for the launch of a small car in the next fiscal, its MD and CEO Uttam Bose said on Tuesday.

The new sub-four meter small car will be manufactured on the Ambassador platform and will be only in sedan variant. The new car will be cheaper than the Ambassador because of its smaller length, which will attract less excise duty. However, its name is yet to be finalised, Bose said.

The initiative is a step towards revival of the companys fortunes, he said at the launch of Hindustan Motors BS-IV Ambassador Encore. Ambassador Encore has been priced at R4.98 lakh to give a boost to the taxi segment, company sources said. Going by the present trends, HM will be able to make a turnaround within a few years, Bose said.