Synopsis on hmt
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Hindustan Machine Tools (HMT) Ltd. was established in 1953 by the Government of India to manufacture center lathes. Over time, HMT diversified into other products like tractors, lamps, dairy machinery, watches, and printing machines. This led to the formation of separate business groups for machine tools, tractors, consumer products, and industrial machinery. The case study will analyze why the performance of HMT's business groups was adversely affected. Specifically, it will examine why financial performance was lower than previous years, reasons for reduced aggregate sales, and steps taken during periods of net loss to improve market orientation, productivity, and introduce new products.
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- 1. SYNOPSIS FOR CASE STUDY ON HMT (Hindustan Machine Tools) Ltd. Submitted By:- Mansha Chopra Mukul Km. Srivastava Duvur Kiran Km. Harshwardhan Srivastava Akriti Gupta (Group - 8) Sec - G
- 2. HMT (Hindustan Machine Tools) Ltd. Background Of The Company :- The Government of India in the year 1953 started HMT (Hindustan Machine Tools) Ltd. with a factory, making a single product- centre lathe. HMT has adopted a strategy of diversification. Expertise and skill acquired by building machine tools helped HMT to diversify into other product lines such as tractors, lamps and lamp making machinery, dairy machinery, watches and printing machines. This diverse product range led to the establishment of separate business groups for machine tools, tractors, consumer products and industrial machinery. Objective :- To analyse why the performance of HMTs Business groups adversely affected. What we are going to analyse in our Case Study? 1. Why the performance of the company for the financial year was not good as compare to the previous years. 2. Reasons that affect the aggregate sales of the company. 3. During net loss the steps taken by the company toward market oriented production, productivity improvement, introduction of new and better products etc.