HMT Watches Life Cycle

Hello sir I would like to know about the life cycle of watches of HMT so please provide me suitable information about the same.

HMT set up a watch manufacturing Unit at Bangalore in collaboration with M/s Citizen Watch Co., Japan in 1961.

As the first manufacturer of Wrist watches in the country, HMT successfully absorbed the totally new precision manufacturing technology for mass production, and assembly of micro sized components.

This tryst with ‘firsts’ continued and led to launch of India’s first Automatic Day-Date watch , first Quartz watch , first Braille watch, first Ana-Digi watch and so on.

Popularity and demand of watches was increasing which led the company to expand its capacity.

In 1972, Watch factory II was set up alongside the Bangalore Factory to manufacture Automatic Day Date Watches with Japanese Technology.

Watch factory III was set up at Srinagar in 1972 with the entire Technical Knowhow from HMT engineers.

In 1975, Watch factory at Bangalore was further expanded to manufacture Main Spring, Hair spring and Shock absorber components.

By this, HMT totally acquired the technology of Mechanical Watch making.

Later on HMT set up manufacturing facility to produce 2 million watch components sets at Tumkur and Ranibagh in the year 1978 and 1985 respectively and watches were assembled at various assembly units spread over the country.

Since 1985, HMT Watches has been actively involved in making Floral Clocks, Solar Clocks, International Clocks, Master-Slave clocks and Tower Clocks.

The Garden clock at Bangalore thrills thousands of visitors everyday.

In the year 2000, HMT Watch Bussiness group was re-structured as HMT Watches Limited (a Wholly Owned Subsidiary of HMT Limited).

HMT Watches, having over 100 million satisfied customers, is a household name in the country and enjoys a good Brand Equity.

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Answered By StudyChaCha Member