Hindustan Motors recently announced that they are aiming for a five fold rise in sales of vehicles to around 50,000 units by 2013-14 that would help HM to turnaround.
The MD of the company, Manoj Jha, said that they are expecting an increase in sales following their recent new launches. By the fiscal year 2013-14 they hope to sell around 50,000 units. The company had managed to sell around 10,000 units in the previous fiscal year.
He further added that their main focus is on the segment of commercial vehicles that is around 80:20. In a few years time this will increase to 50:50. Currently, Hindustan Motors has around three plants in India. One of the plants is located in West Bengal at Uttarpara, the second near Chennai in Tiruvallur, and the third in Madhya Pradesh at Pithampur.
According to Jha, the company expects to launch around five vehicles in the current financial year. Just yesterday, the company launched the VEER small commercial vehicle. The company will proceed to launch four other vehicles from both its Chennai and Uttarpara plants.
Other than 2 commercial vehicles, which the company will launch next, during Q3, they will launch the Outlander seven seater vehicle from their plant in Chennai. They are also working on a brand new SUV in this facility. The SUV is expected to launch sometime next year in January.