Hindustan Motors announced five fold increases in vehicle sales to 50,000 by 2013-14 which would help the company to turnaround.

Mr Manoj Jha MD of Hindustan Motors said that "We are expecting a rapid increase in sales with all these new launches. By 2013-14 we will hopefully sell about 50,000.”

He said that "Our focus is more on commercial vehicle segment now. The sales ratio of passenger vehicles and commercial vehicles is about 80:20. We this will be around 50:50 in couple of years time."

HM has sold about a total of 10,000 units in the last fiscal.

The company has three plants at Uttarpara in West Bengal, Tiruvallur near Chennai and Pithampur in Madhya Pradesh.

(Sourced from ET)