Uttam Bose, who resigned as managing director, Hindustan Motors (HM) on May 9, has taken up the role of managing director of Hindustan Motors Finance Corporation Ltd (HMFCL), a wholly owned subsidiary of HM.

Autocar Professional had, on May 10, reported that Bose will remain within the CK Birla Group and may take a new position at HMFCL, which owns the company’s Chennai car plant. Bose is also an additional director at Hindustan Motors, as announced by the company on May 10.

The Chennai car plant is a profitable unit, which currently assembles Mitsubishi and Isuzu vehicles. HM’s first plant in Uttarpara has suspended operations since May 24 May due to a large accumulation of liabilities.