History of HMT Watches in India | India's First Watch Company

History of HMT Watches in India
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Hindustan Machine Tools (HMT) is an Indian state-owned enterprise that was founded in 1953. The company initially manufactured machine tools, but it later diversified into the production of watches. HMT Watches was established in 1961, and it quickly became the largest watchmaker in India. The company's watches were known for their quality and affordability, and they were popular with both civilians and the Indian military.

HMT Watches reached its peak in the 1970s and 1980s. During this period, the company produced a wide range of watches, including the Janata, Pilot, and Ambassador models. HMT Watches were exported to over 100 countries, and the company had a workforce of over 20,000 people.

However, HMT Watches began to decline in the 1990s. The company faced increasing competition from foreign watchmakers, and it was unable to keep up with the changing trends in the watch industry. In 2016, HMT Watches was forced to shut down due to financial losses.

Despite its closure, HMT Watches remains a popular brand in India. The company's watches are still sought after by collectors, and they are seen as a symbol of India's industrial heritage.

Here are some of the key events in the history of HMT Watches:

1953: Hindustan Machine Tools (HMT) is founded by the Government of India.
1961: HMT Watches is established.
1970s and 1980s: HMT Watches reaches its peak, becoming the largest watchmaker in India.
1990s: HMT Watches begins to decline due to increasing competition from foreign watchmakers.
2016: HMT Watches is forced to shut down due to financial losses.
Despite its closure, HMT Watches remains a popular brand in India. The company's watches are still sought after by collectors, and they are seen as a symbol of India's industrial heritage.

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