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1948 Hindustan 10. Hindustan Motors Limited (HML) was India's pioneering automobile manufacturing company. It was established just before the Indian Independence Act 1947, in 1942 by B. M. Birla of the industrialist Birla family in collaboration with Lord Nuffield of Morris Motors, who were already selling their cars in India.
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GM continued with tie-ups with Hindustan Motors to build Bedford trucks, Vauxhall cars, Allison Transmissions and off-road equipment. In 1994, GMIPL was formed as a joint venture, owned 50 percent by Hindustan Motors and 50 percent by General Motors, to produce and sell Opel branded vehicles. GM bought out the Hindustan Motors interest in 1999.
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The Hindustan Contessa is an automobile which was manufactured by Hindustan Motors (HM) of India from 1984 to 2002. It was based on the Vauxhall VX Series of 1976 to 1978, itself a development of the Vauxhall Victor FE. When introduced in 1983, it was one of the few Indian manufactured luxury cars in the market.
The automobile was manufactured by Hindustan Motors at its Uttarpara plant [2] near Kolkata, West Bengal. On 11 February 2017, Hindustan Motors executed an agreement with PSA Group for the sale of the Ambassador brand, including the trademarks, for a consideration of ₹ 80 crore (US$9.2 million). [3]
Through the 1930s, cars were imports only, and in small numbers. An embryonic automotive industry emerged in India in the 1940s. Hindustan Motors was launched in 1942 building Morris products, long-time competitor Premier in 1944, building Chrysler Corporation products such as Dodge and Plymouth, and beginning in the 1960s, Fiat products. [10]
The company engaged in vehicle sales, after-sales services, retail, construction and logistics solutions and agriculture sectors. The company was founded in 1939 and was listed on the Colombo Stock Exchange in 1964. DIMO is one of the LMD 100 companies, a list of quoted companies in Sri Lanka by revenue and ranked 39th in the 2020/21 edition. [2]