HMT news and archive

HMT factory in Haldwani reopens to meet orders

To complete a pending order worth Rs 1.5 crore, iconic Indian watchmakers Hindustan Machine Tools (HMT) factory in Ranibagh, three kilometer away from Haldwani, will open its doors on Friday. The factory has been shut for the last two years. An order for 5,500 watches was received from the Bangalore office which has to be completed by March...

Apparel

HMT may sell loss-making watch division

The iconic watch division of HMT -- the state-owned company that reported staggering business profits with an 80 per cent share of the market in the 1980s -- has now run into bad times. It is contemplating selling its iconic watch division in order to try and turn profit figures around. HMT, which has posted very low turnovers since 1991,...