The company's shareholders have given a nod for the de-merger of its Chennai unit and the revenue from the de-merger is likely to be Rs 300 crore, says Uttam Bose, managing director and chief executive officer, Hindustan Motors.
"Hindustan Motors has seen a big jump in sales and production volumes in February even though the auto industry is going through turmoil," says Uttam Bose, MD of the company in an interview to CNBC-TV18. The company has seen improvement in growth in the past two months, he adds.
Randeep Singh Surjewala, minister of commerce, Haryana explains to CNBC-TV18 that the state government and the Chief Minister are keen to take action on those responsible for the vandalism at the Maruti plant at Manesar are being updated on every development.