Hindustan Motors

Hindustan Motors to appoint new CEO

Hindustan Motors has announced that it will appoint a new CEO to oversee the operations of the company. Hindustan Motors is one of the leading auto makers of the country.

It is owned by CK Birla group and has produced Ambassador, one of the oldest brands of India. Executive VP of Hindustan Motors, Mr. Moloy Choudhary has informed that the company can afford its cash operation with out any financial reconstruction. The company is not dependant on the Board for Industrial and Financial Reconstruction.

reports Hindustan Motors reports net profit of Rs 27.42 crore in Qtr ending September 2009 for the financial year 2009-2010 compated to net loss of Rs 16.21 crore in qtr ending September 2008. Sales declined 16.74 Percent to Rs 136.79 crore in Qtr ending September 2009 for the financial year 2009-2010 compated to Rs [...]

Hindustan Motors Results – Announces Qtr Ending September 2009-2010 results is a post from: First Blog for Indian Financial Market