UPDATE 1-Hindustan Motors unveils 1 bln rupee investment

Newswire

(Recasts, adds details, quote, share activity) KOLKATA, Aug 25 (Reuters) - Hindustan Motors Ltd. will invest 1 billion rupees on auto parts expansion, from funds to be raised by developing a part of its factory land near eastern Kolkata city, a top official said on Friday. The company, India's oldest car maker, would partner a property firm to develop 314 acres (127 hectares) at the plant in Uttarpara and would raise component capacity to 5 times the current level, Managing Director Ravi ...

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