Key Developments: Hindustan Motors Ltd (HMTR.NS)

HMTR.NS on National Stock Exchange of India

21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Hindustan Motors Ltd appoints Bhikam Chand Mishra as chief financial officer
Tuesday, 11 Nov 2014 05:41am EST 

Hindustan Motors Ltd:Has appointed Bhikam Chand Mishra as chief financial officer with effect from Nov. 11 for a period of two years.  Full Article

Hindustan Motors Ltd announces Resignation of Chief Financial Officer and Head Legal
Thursday, 30 Oct 2014 08:43am EDT 

Hindustan Motors Ltd:Says Aniruddha Sarkar, Chief Financial Officer and Head Legal has resigned from the services of the company with effect from the close of business hours on Oct. 30.  Full Article

Hindustan Motors Ltd announces delisting of equity shares from CSE
Tuesday, 7 Oct 2014 01:00am EDT 

Hindustan Motors Ltd:Says that equity shares of the company has been delisted from Calcutta Stock Exchange Limited with effect from Sept. 25, as approved vide letter dated Sept. 24, of Calcutta Stock Exchange Limited.  Full Article

Isuzu Motors Ltd, Hindustan Motors Ltd to invest 30 bln Indian Rupees in Andhra Pradesh manufacturing unit-Economic Times
Thursday, 16 Jan 2014 08:42pm EST 

Isuzu Motors Ltd:Isuzu Motors India is likely to invest 30.00 bln Indian Rupees at its manufacturing plant in Andhra Pradesh over five years-Economic Times.The construction to start for the plant at Sri City is likely by the end of this month, Isuzu Motors India president and managing director Takashi Kikuchi told.Isuzu has a contract manufacturing agreement with Hindustan Motors Ltd under which HML is assembling CKD kits of Isuzu's sports utility vehicle MU-7 and pick-up truck D-Max at its Thiruvallur, Chennai plant.The complete localisation of production is expected to be through within three years after 2016.May be 2018, we will achieve 100 per cent localisation' he said.The company will be producing SUVs and light commercial vehicles (LCVs) in the new production plant.  Full Article

Hindustan Motors Ltd plans to raise Indian rupee 1.5 Billion by diluting stake in Chennai plant - Business Standard
Tuesday, 7 Jan 2014 12:02am EST 

Hindustan Motors Ltd:Says it is planning to raise Indian rupee 1.5 billion by divesting stake in its Tiruvallur plant, near Chennai - Business Standard.Says it is looking to cut losses and one of the plans is to demerge the Chennai plant to a separate company - Hindustan Motor Finance Corporation Ltd.  Full Article

Hindustan Motors Ltd announces resignation of chairman
Sunday, 29 Dec 2013 10:04pm EST 

Hindustan Motors Ltd:Says on Dec. 28 has received a letter from C. K. Birla tendering his resignation from the board of directors of the company and consequently, stepping down as the chairman.Accordingly, C. K. Birla ceased to be a director of the company with effect from Dec. 28.  Full Article

Hindustan Motors Ltd Signs Memorandum Of Agreement With Isuzu Motors Ltd's Indian Subsidiary
Friday, 28 Jun 2013 08:20am EDT 

Hindustan Motors Ltd announced Isuzu Motors India Private Ltd, a subsidiary of Isuzu Motors Ltd, Japan, has signed an agreement with the Company (HML) for contract manufacturing of Isuzu SUVs and pickup trucks in India. The components for producing these vehicles will be imported by Isuzu Motors from Thailand and assembled in HML’s factory at Thiruvallur, near Chennai, Tamil Nadu.  Full Article

Hindustan Motors Ltd Announces Extension Of Financial Year
Monday, 17 Jun 2013 03:57am EDT 

Hindustan Motors Ltd announced that with reference to the earlier annoucement dated May 07, 2013 regarding Outcome of Board Meeting, the Company has received the following approvals from Registrar of Companies, West Bengal; Approval for extension of current financial year ending March 31, 2013, by a period of six months ending September 30, 2013 and Approval for extension of time for holding Annual General Meeting due to be held on or before November 12, 2013, by a period of 1 month 18 days.  Full Article

Hindustan Motors Ltd Ties Up With Indusind Bank Ltd For Customer Finance Facility-The Economic Times
Tuesday, 26 Mar 2013 09:03am EDT 

The Economic Times reported that Hindustan Motors Ltd said it has tied up with Indusind Bank Ltd for financing facilities for customers. The tie-up will facilitate financing for customers in rural and semi-urban areas for buying HM vehicles at competitive interest rates, it added. According to the agreement, the bank will work in close coordination with the HM dealers for providing car loans for both commercial and passenger vehicles, the statement said. The financing facility will be available through IndusInd Bank's country-wide network of 254 branches spread across 180 locations in 28 states and six union territories.  Full Article

Hindustan Motors Ltd Ties Up With Raaj Unocal Lubricants-The Economic Times
Tuesday, 15 Jan 2013 07:05am EST 

The Economic Times reported that Hindustan Motors Ltd has entered into a three-year agreement with Raaj Unocal Lubricants for manufacture and marketing of co-branded genuine oils exclusively for HM vehicles. The understanding entails manufacturing of co-branded products known as UNO HM GUARDOL (only for diesel vehicles), UNO HM GAS-O-DUO+ (for all non-diesel vehicles) and UNO AMBI DSL+. While the first two products will be made available at all HM service centres across 13 states in India, UNO AMBI DSL+ will be available only in the replacement market. This association is aimed at maximising benefits to HM customers. As per the agreement, three genuine oil grades suitable for use in all diesel, petrol and CNG-run engines of HM vehicles will be introduced. The two companies expect to manufacture and distribute 45 tonne of genuine oils worth INR1 crore every quarter. This apart, Kolkata taxis drivers will get the opportunity to avail of special offers such as cash-back coupons, free check-ups and discounted labour cost at service centres.  Full Article

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