CK Birla Group’s flagship company — Hindustan Motors Ltd. (HM) raked in applause by registering a whopping 166.45 percent growth in February sales as compared to February last year (2012). Quite noticeably, the company’s year-on-year sales had improved by 104.37 percent in January this year. Heading steadily towards a turnaround, HM posted a 147 per cent increase in net profit to Rs. 20.36 crore in the quarter ending December 31, 2012, against a net loss of Rs. 42.81 crore for the corresponding period in the previous financial year.
Hindustan Motors’ Managing Director & CEO, Mr. Uttam Bose stated, “This has been achieved by leveraging the strengths of brand loyalty and operational excellence. With steady and continuous growth in HM’s sales numbers, the company’s march towards a revival has become more pronounced and promising. Regular ramping up of cost-efficient production, increase in sales through expanding distribution and financing networks, and focus on voice of customer have contributed to the sharp growth in the past few months. With several strategic and tactical measures striking roots, Hindustan Motors is all set to continue and sustain the improvement trend in the coming months.” During the month under review (February 2013), HM sold 826 passenger and light commercial vehicles compared with 310 vehicles in February last year. January 2013 witnessed the company selling 748 vehicles compared to a sale of 366 vehicles in January 2012.
India’s pioneering automobile OEM manufactures the iconic Ambassador sedan and light commercial vehicle Winner at its fully integrated plant at Uttarpara in West Bengal. Winner is built also at HM’s facility at Pithampur in Madhya Pradesh. Under a technical collaboration with Mitsubishi Motors Corporation of Japan, HM manufactures/assembles and markets premium Mitsubishi passenger vehicles like Pajero Sport, Outlander, Montero, etc from its third plant situated at Tiruvallur and office in Chennai in Tamil Nadu.