Hindustan Motors expects to complete due diligence for EV by mid-October
The company, which once manufactured the iconic 'Ambassador' car, has tied up with a European entity to make electric two-wheelers by next financial year. "The due diligence process is expected to be completed by the middle of October," Bose said.
HM Director Uttam Bose said the "structure of the joint venture (JV) will be finalised" during the due diligence process that has been initiated by both companies. Pic: Pixabay