GM, Mitsubishi and Isuzu Eyeing Stake in Hindustan Motors ????

mnhegde · 21st June 2010, 12:34

Source: GM, Mitsubishi, Isuzu Motors eye stake in Hindustan Motors - CNBC-TV18 -

Any one came across this news?

Edit: Mods, In case of any existing threads please merge.

KiloAlpha · 21st June 2010, 12:37

Eyeing and buying are two completely different things. Why do they even bother? Hope HM sells the rights to the "ambassador" name, keels over and drops dead.

Related thread: http://www.team-bhp.com/forum/indian...port-bifr.html

sandeepmdas · 21st June 2010, 12:46

Quote:

Originally Posted by KiloAlpha

Hope HM sells the rights to the "ambassador" name, keels over and drops dead.

No hope there

Even the domain ambassador.com is owned by somebody else!

shortbread · 21st June 2010, 17:24

Strangely none of the three companies are in a financial position to buy anything let alone another company. That said it will be very vital for Mitsubishi to reatain HMs Chennai operations for their Indian presence to be secure. But with the kind of line up and interest they are showing to the Indian market, I'm thinking why bother??

SunilM · 21st June 2010, 19:21

It makes sense for Mitsubishi to buy out or increase stake in HM. They can then bring all their flagship models, even the small car, to India. It is a different story, however, that Mitsubishi itself is not in that strong a financial situation. HM has a significant engine manufacturing facility, which might be attracting other buyers.

designersf · 22nd June 2010, 11:33

Mitsubishi sould go ahead with taking control of HM's leftovers at Chennai. It gives them a base to begin with and they can build up on that. COmpared to global buyouts, HM should be a piece of cake for Mitsubishi. Hope they take the right decision.

mnhegde · 22nd June 2010, 11:51

Quote:

Originally Posted by designersf

Mitsubishi sould go ahead with taking control of HM's leftovers at Chennai. It gives them a base to begin with and they can build up on that. COmpared to global buyouts, HM should be a piece of cake for Mitsubishi. Hope they take the right decision.

Agree with You completely. Mitsubishi requires a strong base here in India to survive. Would love to see Mitsu cars in the range of 3.5 lacs to 7 lacs, hatch backs and sedans included. Hope they buy the stake in HM. GM has good base here already. But Isuzu???? Need to start from scratch, Tough Job!!

Gooney · 22nd June 2010, 12:50

HM has engine technology sharing agreement with Isuzu. Isuzu has been in India for long, under the hood, that is. Isuzu buying out HM does not make much sense IMO, because I do not see them focusing on launching cars in India (Commercial vehicles, maybe yes) any time soon.

Like it was pointed out, it makes sense for Mitsubishi to buy out HM; but upgrading the current production line to match up with Mitsubihi standards would be a huge burden.

21st June 2010, 12:34	#1
mnhegde BHPian Join Date: Feb 2008 Location: B E N G A L U R U Posts: 473 Thanked: 0 Times	GM, Mitsubishi and Isuzu Eyeing Stake in Hindustan Motors ???? Source: GM, Mitsubishi, Isuzu Motors eye stake in Hindustan Motors - CNBC-TV18 - Any one came across this news? Edit: Mods, In case of any existing threads please merge. Last edited by mnhegde : 21st June 2010 at 12:39.
	() Thanks

21st June 2010, 12:37	#2
KiloAlpha Senior - BHPian Join Date: Mar 2010 Location: Cubicle Posts: 1,605 Thanked: 3,002 Times	Eyeing and buying are two completely different things. Why do they even bother? Hope HM sells the rights to the "ambassador" name, keels over and drops dead. Related thread: http://www.team-bhp.com/forum/indian...port-bifr.html
	() Thanks

21st June 2010, 17:24	#4
shortbread Senior - BHPian Join Date: Apr 2008 Location: KL 7 Posts: 2,394 Thanked: 6,313 Times	Strangely none of the three companies are in a financial position to buy anything let alone another company. That said it will be very vital for Mitsubishi to reatain HMs Chennai operations for their Indian presence to be secure. But with the kind of line up and interest they are showing to the Indian market, I'm thinking why bother??
	() Thanks

21st June 2010, 19:21	#5
SunilM BHPian Join Date: Jan 2010 Location: Ahmedabad Posts: 274 Thanked: 51 Times	It makes sense for Mitsubishi to buy out or increase stake in HM. They can then bring all their flagship models, even the small car, to India. It is a different story, however, that Mitsubishi itself is not in that strong a financial situation. HM has a significant engine manufacturing facility, which might be attracting other buyers.
	() Thanks

22nd June 2010, 11:33	#6
designersf BHPian Join Date: Aug 2007 Location: Ann Arbor Posts: 603 Thanked: 80 Times	Mitsubishi sould go ahead with taking control of HM's leftovers at Chennai. It gives them a base to begin with and they can build up on that. COmpared to global buyouts, HM should be a piece of cake for Mitsubishi. Hope they take the right decision.
	() Thanks

22nd June 2010, 12:50	#8
Gooney BHPian Join Date: Oct 2008 Location: Guwahati Posts: 348 Thanked: 78 Times	HM has engine technology sharing agreement with Isuzu. Isuzu has been in India for long, under the hood, that is. Isuzu buying out HM does not make much sense IMO, because I do not see them focusing on launching cars in India (Commercial vehicles, maybe yes) any time soon. Like it was pointed out, it makes sense for Mitsubishi to buy out HM; but upgrading the current production line to match up with Mitsubihi standards would be a huge burden.
	() Thanks