Quote:
Originally Posted by GTO The Indica was considered cheap to develop, by global standards, and the bill still came up to about Rs. 1,800 crore. HM's net worth is 164 crores, and has incurred losses of 132 crore in recent years. In fact, they are now selling their property to stay afloat. Link to related thread.
HM's only delaying the inevitable by continuing to flog the Amby. Sure, its got a great back seat, but its 60 years old now! You can buy a thoroughly modern car for the same or less $$$. Honestly, who cares about an Ambassador today? Except for a bit of nostalgia, the ol' lady can't deliver on anything else. I'll rent a cab when I need nostalgia.
On a related note, what a world of difference between an HM, and a Tata / Mahindra? HM controlled nearly 50% of the Indian car market for 30 years. An opportunity completely lost! On the other hand, Tata & Mahindra really got serious about passenger vehicles (not UVs) in the nineties. We've seen Nanos, Indicas, Manzas, Xylos and more fighting it out - competitively I might add - with the best from Japan, Korea and Europe.
Come to think of it, this VERY attitude killed HM. In 2010, their mega product plan only includes the refurbishment of a 60 year old vintage car. In other news, Tata is getting ready to launch the Aria. Sigh...... |
HM had a hidebound attitude with the govt orders and the taxi trade making its business roll even till the Esteem days.
Lately a lot of competitors have come.The govt orders are dwindling. Maharashtra Govt now buys Indigos and even Manzas have been acquired. The SX 4 is also being bought by babus.
The defence services cars are now the Indigo and SX4 putting Amby on the sidelines.
In our Union cabinet Ministers S/Shri A.K. Antony, Verrappa Moily and Pranab Mukherjee are among the few who still move on Ambassadors.
S/Shri Chidambaram has a new SX 4 and many others have other makes from the C segment.
Many politicians are moving on SUV's and MPV's that help them move around in a rugged way during elections or tours.
Thats just a glimpse of how the things are changing for the Amby.
The Kolkata streets have very few new Ambys as private cars now. The only ray of hope is the Kolkata taxi trade which buys and buys new Ambys.As I said in earlier threads, the HC order to scrap 15 year plus taxis (rather all commercial vehicles)in Kolkata has seen Amby sales rise and rise. A Rs 50 K discount is given on the old car by dealers M/s Shah Automobiles and Austin Distributors. So there are many new Amby 1500 DSL 1500's (BS III) in Kolkata.
A 15 plus year old taxi on the move (the registration number "A" series identifies its age)
A newer taxi among the many.Observe the brown tapes to keep its new cracked bumper afloat.
HM has sold surplus land in Uttarpara, WB, and is now rich with some liquid cash. I am sure HM will use it judiciously rather than develop newer models with this paltry amount of Rs 40 crores.May be with the kind of hi tech competition, the new model from HM will come and sink.
The HM Oka saga is now history. It launched the mini bus importing outdated, boxy body jigs, tools and dies from Austrailia and fitted the Isuzu drive train and the 2000 DSL engine. Just a few thousand were sold and the thing is now history.
Last edited by anjan_c2007 : 1st October 2010 at 20:00.
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