Hindustan Motors Ltd share Price Today

Hindustan Motors Limited is engaged in the business of Automobiles. Its market capitalization is worth INR 138.76 Cr. as of 16th April 2021. The company was formed in 1942, and the company has reported quarterly revenue of INR 0.62 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 500500 and on the National Stock Exchange (NSE) with the symbol HINDMOTORS. Headquartered in Kolkata, the company is an automotive manufacturer and part of the Birla Technical Services industrial group. The company used to be the largest car manufacturer before Maruti Udyog came into existence. Hindustan Motors Limited is a Gujarat-based Indian car manufacturer established in 1942. In 1948, the operations were relocated to Kolkata (the present headquarters). Multi-utility buses, RTVs, passenger cars, and Bedford trucks are among the company's offerings. Its passenger car range also accommodates the mid-size premium segment. The company expanded over the years by collaborating with Mitsubishi Motors in 1942 to bring Mitsubishi Pajero into the Indian market, followed by diversification into manufacturing of Earthmoving Equipment Division (Tamil Nadu) in 1971 and collaboration with Isuzu Motor Company to commence the production of petrol engines and transmissions in Madhya Pradesh in 1987. The company stayed in the limelight for its famous passenger car, Ambassador. But the falling sales and mounting debt led to the discontinuation of its production in 2014. The company landed on a path of declination because of a lack of innovations over its reign. Currently, the company is seeking a revival from the domino fall. The earthmoving equipment division was sold to Caterpillar India Pvt. Ltd. The sales dropped drastically since 2008 after the lag in innovations, and in 2017, the company sold Ambassador to French automaker Peugeot. The company's share price stands at INR 6.74, and it has reported gross sales of INR 2.1 crore. The low share price may attract initial stock investors; its PE ratio is making the investors hold on to the stocks of this company. Ambassador is said to be relaunched in the Indian market, but this time under the name of PSA Group. The company, in March 2021, asked for the approval of its plan to sell the plots of Madhya Pradesh and Bengal plants.