Hindustan Motors rumoured to exit Car business

devarshi84 · 25th March 2010, 06:54

Hindustan Motors MD Santhanam quits- Corporate Announcement-News By Company-News-The Economic Times

Hindustan Motors MD exits | Top News

A strong brand dying due to neglect.

kiku007 · 25th March 2010, 08:47

Only good thing happening for Mitsu in the past decade?

I mean if they can find a new partner or go alone in India.

DicKy · 25th March 2010, 08:52

O no don't let this happen. What are the Birlas exactly doing

wildon · 25th March 2010, 08:54

Thank god, Good for Mitsubishi.

aargee · 25th March 2010, 08:58

No regrets; I too feel its best; Good for us - either Mitsubishi will look for direct entry or a good partner (atleast this time) to get better cars & increased competition; Good for Hindustan Motors to avoid loss; very bad time for the staffs working at HM; if Mitsubishi buys out HM, that way its a win-win for everyone.

prince_pervez · 25th March 2010, 09:06

I'd say thats great news. HM have done nothing commendable to market such a fabulous brand. Till now the Mitsubishi brand has done all the good, or what little it could in India. I'd say Mitsubishi should come in like the other players and not find another partner.

MotoKris · 25th March 2010, 09:24

the first thought is "ah! atleast Mitsubishi can come in directly"

but then, I wouldn't see any new Amby's on the roads!

xingamazon · 25th March 2010, 09:25

Quote:

Originally Posted by aargee

No regrets; I too feel its best; Good for us - either Mitsubishi will look for direct entry or a good partner (atleast this time) to get better cars & increased competition; Good for Hindustan Motors to avoid loss; very bad time for the staffs working at HM; if Mitsubishi buys out HM, that way its a win-win for everyone.

Well that looks good on paper, but belive me Mitsubishi buying HM would mean doom for those guys, imagine this a MNC taking over company based mainly out of West Bengal, man the politics in this state will make sure they dont start any operations whatsoever, but the Communist party will make sure the salaries are not stopped for the employees. Thats the worst combination one MNC would like to have as a starter.

RajaTaurus · 25th March 2010, 09:35

^^ I guess Mitsu would be wise enough to buy out only HM's Chennai properties and not the WB Amby plants. Fully own and produce / market Mitsu products in India Mitsu sure could do far better than its current set up. By far, good news for Mitsu lovers.

4x4addict · 25th March 2010, 09:45

This must be the best news for Mitsubishi fans in India. Hopefully Mitsu will bring some brains to revive their Indian operations.

ph03n!x · 25th March 2010, 10:05

He has said he is quiting for personal reasons. I wonder if he is quiting either because he was not able to do what he wanted and what he was brought in from M&M for. Or maybe someone else is being roped in, who would hopefully turn around the future of this brand that is a part of heritage. I dont want to see Amby's die out, the Contessa already has :(

cyqed · 25th March 2010, 10:07

Good for Mitsubishi. It is time for them to go alone in India. If Audi, BMW, VW and Skoda can do the same, so can Mitsu.

We will definitely miss the Indian Vehicle icon - Amby

designersf · 25th March 2010, 10:19

The best for Mitsubishi I guess.

Quote:

Originally Posted by RajaTaurus

^^ I guess Mitsu would be wise enough to buy out only HM's Chennai properties and not the WB Amby plants. Fully own and produce / market Mitsu products in India Mitsu sure could do far better than its current set up. By far, good news for Mitsu lovers.

Yes Raja. I agree. Mitsubishi should buy out the assets of HM and set up their own operations. They can event ake over the dealers from HM. This will provide them with a ready made dealer network. Moreover, they will no longer be restrained by the sluggish HM.

Quote:

Originally Posted by ph03n!x

He has said he is quiting for personal reasons. I wonder if he is quiting either because he was not able to do what he wanted and what he was brought in from M&M for. Or maybe someone else is being roped in, who would hopefully turn around the future of this brand that is a part of heritage. I dont want to see Amby's die out, the Contessa already has :(

I feel the same. He was slow and made a fool out of Mitsubishi. I dont want HM to continue doing cars at all. Sell them to Mitsubishi and let the new company rise.

ajmat · 25th March 2010, 10:25

May be some other manufacturer has bought the facility. HM failing in a growth market. That says a lot

ivar1951 · 25th March 2010, 10:45

HM should have been "buried" long ago without any gun salute.

25th March 2010, 06:54	#1
devarshi84 Senior - BHPian Join Date: Jun 2005 Location: Ahmedabad - Tor Posts: 4,024 Thanked: 211 Times View My Garage	Hindustan Motors rumoured to exit Car business Hindustan Motors MD Santhanam quits- Corporate Announcement-News By Company-News-The Economic Times Hindustan Motors MD exits \| Top News A strong brand dying due to neglect.
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25th March 2010, 08:47	#2
kiku007 Distinguished - BHPian Join Date: Apr 2005 Location: AU Posts: 2,321 Thanked: 7,167 Times	Only good thing happening for Mitsu in the past decade? I mean if they can find a new partner or go alone in India.
	() Thanks

25th March 2010, 08:52	#3
DicKy Distinguished - BHPian Join Date: Jan 2010 Location: TVPM Posts: 3,818 Thanked: 11,708 Times	O no don't let this happen. What are the Birlas exactly doing
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25th March 2010, 08:54	#4
wildon BANNED Join Date: Jul 2007 Location: Bangalore Posts: 2,440 Thanked: 1,235 Times View My Garage	Thank god, Good for Mitsubishi.
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25th March 2010, 08:58	#5
aargee Senior - BHPian Join Date: Jan 2010 Location: TSTN Posts: 6,233 Thanked: 9,616 Times	No regrets; I too feel its best; Good for us - either Mitsubishi will look for direct entry or a good partner (atleast this time) to get better cars & increased competition; Good for Hindustan Motors to avoid loss; very bad time for the staffs working at HM; if Mitsubishi buys out HM, that way its a win-win for everyone. Last edited by aargee : 25th March 2010 at 09:04.
	() Thanks

25th March 2010, 09:06	#6
prince_pervez Senior - BHPian Join Date: Dec 2006 Location: Redwood shores, CA, USA Posts: 4,210 Thanked: 51 Times View My Garage	I'd say thats great news. HM have done nothing commendable to market such a fabulous brand. Till now the Mitsubishi brand has done all the good, or what little it could in India. I'd say Mitsubishi should come in like the other players and not find another partner.
	() Thanks

25th March 2010, 09:24	#7
MotoKris BHPian Join Date: Nov 2009 Location: Hyderabad Posts: 81 Thanked: 16 Times	the first thought is "ah! atleast Mitsubishi can come in directly" but then, I wouldn't see any new Amby's on the roads!
	() Thanks

25th March 2010, 09:35	#9
RajaTaurus Senior - BHPian Join Date: Sep 2007 Location: Tenkasi, TN Posts: 1,119 Thanked: 473 Times View My Garage	^^ I guess Mitsu would be wise enough to buy out only HM's Chennai properties and not the WB Amby plants. Fully own and produce / market Mitsu products in India Mitsu sure could do far better than its current set up. By far, good news for Mitsu lovers.
	() Thanks

25th March 2010, 09:45	#10
4x4addict Distinguished - BHPian Join Date: Nov 2007 Location: Chennai Posts: 4,483 Thanked: 4,529 Times View My Garage Infractions: 0/1 (5)	This must be the best news for Mitsubishi fans in India. Hopefully Mitsu will bring some brains to revive their Indian operations.
	() Thanks

25th March 2010, 10:05	#11
ph03n!x Senior - BHPian Join Date: Jun 2008 Location: Coimbatore Posts: 2,564 Thanked: 5,957 Times	He has said he is quiting for personal reasons. I wonder if he is quiting either because he was not able to do what he wanted and what he was brought in from M&M for. Or maybe someone else is being roped in, who would hopefully turn around the future of this brand that is a part of heritage. I dont want to see Amby's die out, the Contessa already has :(
	() Thanks

25th March 2010, 10:07	#12
cyqed BHPian Join Date: Feb 2010 Location: Bangalore Posts: 115 Thanked: 0 Times View My Garage	Good for Mitsubishi. It is time for them to go alone in India. If Audi, BMW, VW and Skoda can do the same, so can Mitsu. We will definitely miss the Indian Vehicle icon - Amby
	() Thanks

25th March 2010, 10:25	#14
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,858 Thanked: 27,925 Times View My Garage	May be some other manufacturer has bought the facility. HM failing in a growth market. That says a lot
	() Thanks

25th March 2010, 10:45	#15
ivar1951 BHPian Join Date: Jul 2009 Location: Delhi/Chandigarh Posts: 289 Thanked: 9 Times	HM should have been "buried" long ago without any gun salute. Last edited by ivar1951 : 25th March 2010 at 10:46.
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