ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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And Now, Thanks to the Supreme Court

HINDUSTAN MOTORS complains that government is trying to keep the prics of its car very low. The price of HM's car, originally 18 per cent more than that of Fiat, Is now only a little over 4 per cent more, the difference having been reduced from about Rs 1,806 to Rs 631, Manufacturing cost is continuously rising due to the spurt in prices of raw material, ancillaries, labour and other item,. If increases On these counts are not allowed by government, it will not be possible for the company to Achieve the 16 per cent return awarded by the Supreme Court. The directors also point out that, against the company's claim for an increase of Rs 937 on the basis of the Supreme Court judgment, the government sanctioned an increase of only Rs 127 as from January 24 last, Again, on July 1, the price war revised and against the company's claim for an increase of Rs 1,399 (including Rs 810 earlier disallowed), the price of its car was reduced by Rs 48

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