BBC News - India's iconic HMT watches run out of time

Even the BBC now reports on the demise of India's HMT watches

BBC News - India's iconic HMT watches run out of time

HMT time machines return with higher price | Times of India

Not quite gone yet: HMT watches

HMT time machines return with higher price

BANGALORE: This may be your last chance to grab a piece of history. A fresh and perhaps the final batch of legendary HMT watches arrived in showrooms in the city....

According to sources in the HMT watch division, production of mechanical watches was suspended because of lack of manpower and capital. With supply drying up, no showroom in the city had any mechanical watch till last week.

However, a few bulk orders recently made the company start manufacture of these watches. About 2,500 mechanical watches were manufactured, less than 1,000 of which have been earmarked for retail buyers.

 More...

 Sans salary for a year, HMT employees finally get paid 

Fans rush to HMT as watchmaker marks time | India Insight + HMT loses race against time, to be shut soon | Indian Express

On India's HMT watches... and HMT is set to expire? 

Fans rush to HMT as watchmaker marks time | India Insight

Retailers have reported a spike in sales of HMT watches, especially hand-wound mechanical models, after Indian media reports said last week that the unprofitable unit of HMT Machine Tools Ltd was likely to wind down.

And another one as referenced in above

 HMT loses race against time, to be shut soon


HMT Watches website