Hindustan Motors,in order to improve its top line plans to launch a series of commercial vehicles in this fiscal year.The company also plans to launch two sports utility vehicles from the Mitsubishi table at an investment of Rs.70 crores.
Of the two SUVs,one will be a seven-seater vehicle named Mitsubishi Outlander and will be launched in the quarter of October – December.The second SUV will be launched by January 2012 and will be priced below Rs.30 lakhs.
Mr.Manoj Jha,Managing Director of HM informed that they are planning to introduce more commercial vehicles this year.Regarding the future launches,he said that the company has already lined up two new models on Ambassador and Winner platforms.The new models will hit the market in October.
According to him,Hindustan Motors expects to turn the corner by 2013-14, provided it operates at full capacity in all three units in West Bengal, Chennai and Indore.He finally said that they are expecting to earn profits at an annual production of approximately 50,000 units.They hope to reach the targeted levels in 2013-14.