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Hindustan Motors posts Rs.41.9 crore loss

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IANS Mumbai

Country's oldest but sick car maker Hindustan Motors Ltd on Monday said it closed last fiscal with revenue of Rs.15.10 crore and a loss of Rs.41.90 crore.

In a regulatory filing with BSE, the Rs.104.41 crore equity-based company said its accumulated losses at the end of last fiscal stands at Rs.201 crore.

The company in 2014 suspended operations in its West Bengal plant and declared a lay off at its Madhya Pradesh plant.

 

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First Published: May 25 2015 | 8:00 PM IST

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