Hindustan Motors

Hindustan Motors examining CCI order; to take appropriate steps

Hindustan Motors, the manufacturers of the famous Ambassador range of cars, in a BSE filing, said, "the company is one of the parties against which the order has been issued.<br />

Tata Motors, Mahindra to challenge CCI's multi-crore penalty

While M&M was imposed a penalty of Rs 292.25 crore, Tata Motors was slapped a fine of Rs 1,346.46 crore by CCI.<br />

Socialism on four wheels: Romancing the iconic Ambassador

A relic of the licence-permit raj, the Ambassador car is today a sputtering 2000-cc symbol of the distance that the Indian economy has travelled since it opened up in 1991.

ICICI Bank acquires 5.15% stake in Hindustan Motors

ICICI Bank has acquired 1.07 crore shares of the company, totalling to 5.15 per cent stake, on September 29.

Maruti confident of shareholders' nod on Gujarat plant, says there's no Plan B

In March, under pressure from institutional investors, Maruti had decided to seek minority shareholders' approval after tweaking some of the earlier proposals for the controversial Gujarat plant.<br />

Attempt to ensure spare parts get cheaper: CCI chief on order against auto firms

The Competition Commission of India (CCI) on Monday penalised the auto makers for unfair business ways in the spare parts and after services market. <br />

Maruti to challenge CCI penalty, says order lacks understanding of issue

The Competition Commission of India (CCI) had slapped a total penalty of Rs 2,545 crore on 14 car makers in India on Monday. Out of the total, the fine imposed on MSI was Rs 471.14 crore.<br />

CCI slaps Rs 2,545 cr fine on 14 major car makers for anti-competitive practices

The car makers "imposed absolute restrictive covenants and completely foreclosed the after market for supply of spare parts and other diagnostic tools

Competition Commission fines 14 car makers; Tata Motors fined Rs 1346 cr

The Competition Commission of India (CCI) Monday levied a penalty of Rs 2,544.65 crore on 14 car manufacturers for violating the competition law.

C K Birla steps down as chairman of Hindustan Motors

As announced earlier, Hindustan Motors has been in discussions with strategic and financial investors for both its Uttarpara and Chennai units. There has been keen interest shown by potential global partners, the company said in a statement.