Hindustan Motors stops production of the iconic Ambassador

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Hindustan Motors, part of the $1.6-billion (nearly Rs. 9,500 crore) CK Birla Group, has suspended production at its Uttarpara factory in West Bengal. The maker of the iconic Ambassador car cited very low productivity, growing indiscipline, critical shortage of funds, lack of demand for its core product the Ambassador and large accumulation of liabilities as the reasons behind the suspension of work at the plant. (Audio in Hindi) • Watch more videos: http://www.ndtv.com/video

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