subject: Top officials' exit continues at Hindustan Motors [print this page] During the month of May, Hindustan Motors had made an announcement for approaching the BIFR as its total losses at the end of financial year March 31, 2010, resulted in erosion of over 50 per cent of its net worth during the earlier four financial years. HM's net loss was at Rs 42.85 crore, with net sales of Rs 576.90 crore for the fiscal 2009-10.
