Moloy Chowdhury, CEO Of Hindustan Motors Resigns With Immediate Effect

Moloy Chowdhury, the Chief Executive Officer Of Hindustan Motors, which once produced the iconic Ambassador cars has resigns with immediate effect.

In a BSE filing, Hindustan Motors said, "Moloy Chowdhury, Chief Executive Officer of the company has resigned from the services with effect from close of business hours on June 15."

Moloy Chowdhury took over as the Chief Executive Officer of Hindustan Motors on the 10th of May 2014.

Currently, Hindustan Motors is not manufacturing anything since the iconic Ambassador was stopped due to very poor sales. Also, the company has suspended all operations since the 24th of May 2014 at its plant in West Bengal.