Hindustan Motors in talks with global firms for JV in Chennai.

Troubled Hindustan Motors (HM) is pinning hopes on its recent divestment of the Chennai plant and has initiated talks with global automobile firms to set up a joint venture.

The Chennai plant manufactures cars under licence from Mitsubishi Motors of Japan.

'We are pinning high hopes on the divestment of the Chennai plant as a part of restructuring strategy,' managing director and CEO of HM Uttam Bose told PTI.

BS