HM sees positive growth in auto components biz

Hindustan Motors Ltd (HM) is bullish about the prospects of its auto components business.

The company, which has earmarked an investment of Rs 75 crore in this segment over the next two years, hopes to cater to the growing demand for auto components in the domestic market as well as in the US and Europe.

Within the next six months the company will also launch a premium range SUV from the Mitsubishi stable in the Rs 15-25 lakh price range. In the months ahead, the company will also focus on offering services pertaining to engineering design for auto components. More
Courtesy:www.indiacar.net

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