India's Hindustan Motors sees 20 pct rise in car sales

Newswire

CALCUTTA, India, Aug 21 (Reuters) - Hindustan Motors Ltd, one of India's oldest auto companies, is aiming at a 20 percent rise in passenger car sales in 2002/03 (April-March) year-on-year, its chairman, C.K. Birla, said on Wednesday. Hindustan Motors makes the 1950s vintage but still popular Ambassador car and the Lancer sedan in collaboration with Japan's Mitsubishi Motors Corp , besides the Trekker and RTV utility vehicles. The firm sold 19,634 passenger cars in 2001/02 -- of which ...

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