INDORE, India – Hindustan Motors Ltd., one of India’s oldest domestic auto makers, is developing new strategies for survival and growth in an overcrowded and fiercely competitive marketplace. HM for some time has been losing money. Currently it sells less than 20,000 vehicles and has a 4% market share. Hindustan Ambassadors often are used as taxis in India. But now the company is set to manufacture engines and transmissions for global car makers, introduce new products, upgrade ...

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