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Lately we have been getting reports about the return of the Ambassador to the Indian market. There are reports that suggest that the Ambassador might return to the market in the next two years.
After cessation of production in 2014, the West Bengal government had allowed HM to sell 314 acres of land at the Uttarpara plant for alternative use.
The West Bengal government had allowed HM to sell around 314 acres of land at the Uttarpara plant for alternative use.
Iconic Ambassador maker Hindustan Motors to launch electric two-wheelers: Report
Financial due diligence of both the companies will start in July, which will take two months, after which the technical aspects of the joint venture will be looked into and this will take another month, Director of Hindustan Motors, Uttam Bose.