Motors has launched a premium car, the Mitsubishi Montero,
with a Rs 30 lakh price tag. CNBC-TV18 reports that
while the auto industry is going the small car way,
HM will focus on the niche market.
Pajero, its Montero. Hindustan Motors and Mitsubishi
have launched another SUV but this time around a higher
end one at a price tag of about Rs30 lakh. Montero comes
as a completely built unit from Mitsubishi Motor Corporation
Japan and will be sold by the existing dealer network,
which are about 45 in number in India.
is Mitsubishi''s fourth car in India after Lancer, Cedia,
also plans to bring in the Outlander and will continue
to focus on the SUV segment.
has appointed HDFC as consultant to sell a part of its
land in West Bengal to private retailers for which it
has sought the state government''s permission. The company
is looking to sell around 314 acres of the 740 acres
funds generated from the land sale will be used for
HM''s auto component business. The auto component business
was hived off into a separate company 15 months ago
and HM expects a high double digit growth in the next