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{{Infobox company | |||
| name = Hyderabad Allwyn Limited<ref>{{Cite news|url=https://www.business-standard.com/article/companies/40-years-ago-and-now-voltas-emerges-as-mnc-challenger-115010700750_1.html|title=40 Years Ago and Now...Voltas emerges as MNC challenger|last=Kumar|first=Abhineet|date=2015-01-07|work=Business Standard India|access-date=2018-11-09}}</ref> | |||
| logo = Hyderabad Allwyn Logo.jpg | |||
| type = now defunct, [[Public Sector Undertaking]] ([[Andhra Pradesh State Government]]) | |||
| foundation = 1942, [[Hyderabad]] as Allwyn Metal Works Ltd. | |||
| hq_location = [[Hyderabad]] | |||
| key_people = | |||
| industry = [[Automotive]], [[Watch]], [[Refrigerators]], [[Home appliance]], [[Coachbuilder|Vehicle Coach building]] | |||
| products = Allwyn Refrigerators, Allwyn Watches, Allwyn Pusphak – Scooters, Allwyn – Nissan Cabstar Truck. | |||
| caption = | |||
| num_employees = over 6500 | |||
| dissolved = 1999 | |||
| homepage = | |||
}} | |||
'''Hyderabad Allwyn Limited''', established in 1942, was a [[Hyderabad State]] government engineering and white goods manufacturing company involved in manufacture of [[automobiles]], trucks, scooters, bus [[Coachbuilder|coach building]], [[refrigerator]]s and [[Watch|wrist watches]].<ref>{{Cite news|url=https://www.business-standard.com/article/management/40-years-ago-and-now-chennai-s-ad-scene-went-north-for-a-while-115021901182_1.html|title=40 years ago...And now: Chennai's ad scene went north for a while|last=Narasimhan|first=T. E.|date=2015-02-19|work=Business Standard India|access-date=2018-11-09}}</ref> | |||
Allwyn Refrigerators and Allwyn Watches were once a leading brand in India during the 1970s and 1980s. The company was closed in 1995 after heavy losses, primarily due to mismanagement.<ref name="hmt">{{cite news |last1=Manchanda |first1=Anil |title=Why HMT Watches stopped ticking |url=https://www.thehindubusinessline.com/opinion/why-hmt-watches-stopped-ticking/article8130642.ece |access-date=20 December 2018 |publisher=Hindu Businessline |date=20 January 2016}}</ref> | |||
==Early History and Products== | |||
[[File:ALLWYN Refrigerators.jpg|thumb|right|240px|Advertisement for Allwyn Refrigerators (The Hyderabad Allwyn Metal Works Limited)]] | |||
'''Hyderabad Allwyn Limited''' was established in January 1942 as Allwyn Metal Works. It was started as joint venture of Industrial Development Trust of the [[Nizam]]'s Hyderabad Government and M/s Allwyn & Company.<ref>{{cite book |title= Journal of the Institute of Public Enterprise, Volume 15|year= 1992|publisher=Institute of Public Enterprise, Osmania University Campus|location= Hyderabad}}</ref> | |||
Hyderabad Allwyn Metal Works Limited used to assemble [[Albion Motors|Albion]] CX9 buses for [[Nizam's Guaranteed State Railway|Hyderabad State Railways]],<ref>{{Cite web|url=https://www.albioncx19project.org.uk/other_cx19s.htm|title=New Page 1|website=www.albioncx19project.org.uk}}</ref> and made the [[ballot]] boxes for the first general elections in 1952.<ref>{{cite web|url=http://www.timescontent.com/tss/showcase/preview-buy/136493/Feature/Ballot-box-first-General-election-Parliament-election.html |title=Ballot box, Feature Photo, A ballot box, made by Hyderaba |publisher=Timescontent.com |date=1951-08-20 |access-date=2011-08-24}}</ref> | |||
In 1969 due to inability of its management to run the company efficiently, it was taken over by the state government. | |||
===Coach Building division=== | |||
The first [[double-decker bus]]es in [[Hyderabad, India|Hyderabad]] were introduced in April 1963. These buses were designed by Hyderabad Allwyn Limited with [[APSRTC]] .<ref>{{cite book |title= Marketing of passenger transport services |last= Yarlagadda|first=Srinivasulu|year= 2006|publisher=APH Publishing Corporation |location= New Delhi|isbn= 81-7648-976-X|page=40 }}</ref> Eventually the Coach building division became one of the largest coach building contractors for the Andhra Pradesh government's state operated [[APSRTC]] buses. Allwyn also built the Indian Army's medium-capacity [[Shaktiman truck]] bodies which were originally designed by MAN, Germany as the 415 L1 AR truck. | |||
===Refrigeration and Appliance division=== | |||
The Allwyn refrigerators were one of the most popular brands in [[India]]. Its rivals were [[Godrej Group|Godrej]], [[Kelvinator]] and [[Voltas]]. Even until 2005 the refrigerators were widely rated for their energy efficiency.<ref>{{cite web | |||
|url=http://gaia.lbl.gov/india/asl/Indian%20Refrigerator%20Survey%20Article.pdftitle= | |||
|publisher=http://www.renewingindia.org/ | |||
|access-date=15 November 2013 | |||
}}{{dead link|date=April 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> | |||
== Under Andhra Pradesh State Government == | |||
===Tie-in with Nissan=== | |||
In 1983 the automobile division entered into a tie-up with [[Nissan Motor Company]], [[Japan]] to manufacture the [[Nissan Cabstar]] range of Light commercial trucks. The plant was set up at [[Zahirabad]] near [[Hyderabad]] and this division was named as [[Hyderabad]] Allwyn Nissan Ltd with [[Nissan]] holding 15% of the equity. | |||
[[File:Nissan Cabstar fire engine of the fire department of Bombeiros Santa Comba Dao, Portugal pic.JPG|thumb|240px|A Nissan Cabstar model that was manufactured and sold in India by Allywn, as Allwyn Nissan and currently by [[Mahindra & Mahindra]] as Mahindra Loadking]] | |||
===Watch Division=== | |||
Hyderabad Allwyn entered the watch business in 1981 in collaboration with [[Seiko]] of Japan to manufacture mechanical and [[Quartz]] watches. Until then the central Government-run [[HMT (India)|HMT]] had been the market leader for wrist watches in India.<ref>{{cite web|url=http://www.indiastudychannel.com/attachments/Projects/1764-121456-11-Watch.ppt#510,27,Indian Watch Industry – Evolution|title= Wrist Watch. Industry Overview|publisher=www.indiastudychannel.com| access-date=25 September 2011}}</ref> | |||
Allwyn along with [[HMT (India)|HMT]] and [[Titan Industries]] had dominated the Indian watch market with almost 10% of the market share.<ref>{{Cite web |url=http://www.dsir.gov.in/reports/techreps/tsr119.pdf# |title=Archived copy |access-date=7 January 2014 |archive-url=https://web.archive.org/web/20150923220737/http://www.dsir.gov.in/reports/techreps/tsr119.pdf# |archive-date=23 September 2015 |url-status=dead|df=dmy-all }}</ref> In 1987, [[A. R. Rahman]], who was then still known as Dileep, received his first break in advertising when he was asked to compose the jingle for a new line of Allwyn Trendy Watches.<ref>{{cite web|url=http://rahmania.net/Non_film.asp|title=Advertisement jingles|access-date=25 September 2011|archive-url=https://web.archive.org/web/20110828092341/http://rahmania.net/non_film.asp|archive-date=28 August 2011|url-status=dead|df=dmy-all}}</ref><ref>{{cite web|url=http://www.123musiq.com/ARRAHMANHITS.htm|title= A R Rahman's biography | |||
|publisher=123musiq.com.| access-date=27 July 2011}}</ref> | |||
[[File:Allwyn Pushpak.jpg|thumb|right|Allwyn Pushpak]] | |||
[[File:Allwyn Pushpak 1982.jpg|thumb|right|Allwyn Pushpak 1982]] | |||
===Scooters=== | |||
Andhra Pradesh Scooters Limited (APSL) had manufactured [[Scooter (motorcycle)|scooters]] under the brand name Allwyn Pushpak and Piaggio scooters under the name Vespa PL170. | |||
==Closure and aftermath== | |||
However, by the mid-1990s the performance of the company was very weak and by 1993 all its reserves were washed off. Hyderabad Allwyn Limited had become sick company when its accumulated losses had exceeded Rs.180 crores (INR 1.8) as on 31 March 1993 and was referred to the Board for Industrial and Financial Reconstruction (BIFR) under the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985. Hyderabad Allwyn become a company with negative net worth.<ref>Restructuring public enterprises in India privatisation and disinvestment By R. K. Mishra, B. Navin, New Delhi, 2002</ref> The BIFR in January 1993 declared Hyderabad Allwyn Ltd., as a sick industry and appointed [[IDBI]] as an operating agency to prepare a rehabilitation scheme. The Government of Andhra Pradesh agreed to amalgamate Hyderabad Allwyn Limited's Refrigeration and Appliances division with Voltas Limited, a [[Tata Group|Tata]] group company which retained only 5000 Allwyn employees.<ref>{{cite web|url=http://indiankanoon.org/doc/2674482/|title= Voltas Limited - Allwyn Unit - Andhra Pradesh High Court|publisher=indiankanoon.orgaccessdate=15 November 2013}}</ref> | |||
The company had three divisions: bus body building, watches, and refrigerators. The Watch Division of erstwhile Hyderabad Allwyn Limited was formed into a new company as Allwyn Watches Limited and the Auto and Bus Body division was formed into a new company called Allwyn Auto Ltd. Consequent to the scheme of Amalgamation as approved by the BIFR, M/s.Hyderabad Allwyn Limited ceased to be in existence. | |||
The refrigerators division which was privatised in 1994 and handed over to [[Voltas]] continued with the Allwyn range of models.<ref>{{cite web|url=http://www.moneycontrol.com/stocks/company_info/company_history.php?sc_did=V |title=Voltas > Company History > Diversified > Company History of Voltas - BSE: 500575, NSE: VOLTAS |publisher=Moneycontrol.com |access-date=2011-08-24}}</ref> In 2002, [[Voltas]] themselves sold their refrigerator division to the [[Sweden]] based [[Electrolux]], which phased out the Allwyn models. | |||
APSL, the scooter division is also presently liquidated.<ref>{{cite web |url=http://www.indiainfoline.com/Markets/Company/Background/Company-Profile/Andhra-Pradesh-Scooters-Ltdliquidated/505021 |title=Andhra Pradesh Scooters Ltd(liquidated) Background details about Company Profile |publisher=Indiainfoline.com |access-date=2011-08-24 |archive-url=https://web.archive.org/web/20111005151717/http://www.indiainfoline.com/Markets/Company/Background/Company-Profile/Andhra-Pradesh-Scooters-Ltdliquidated/505021 |archive-date=5 October 2011 |url-status=dead|df=dmy-all }}</ref> The watch division is now closed and is pending before [[BIFR]]. | |||
===Sale of Allwyn Nissan=== | |||
In 1989 Allwyn Nissan was privatised and sold to [[Mahindra Group|Mahindra]], renaming the company as Mahindra Nissan Allwyn Ltd.<ref>{{cite news| url=http://www.telegraphindia.com/1041127/asp/business/story_4055583.asp | location=Calcutta, India | work=The Telegraph | first=Vivek | last=Nair | title=Rider set for Nissan entry | date=27 November 2004}}</ref> In 1994 MNAL was merged with [[Mahindra & Mahindra]], and the [[Zahirabad]] unit is Mahindra & Mahindra's light commercial vehicles unit. The old Allwyn Nissan LCV is still sold by Mahindra as the Mahindra Loadking in various configurations like light tipper and [[Kerala]] remains one of its largest markets. | |||
== See also == | |||
* [[Allwyn Colony]] | |||
== References == | |||
{{Reflist}} | |||
{{Authority control}} | |||
[[Category:Defunct manufacturing companies of India]] | |||
[[Category:Defunct motor vehicle manufacturers of India]] | |||
[[Category:Watch manufacturing companies of India]] | |||
[[Category:Manufacturing companies established in 1942]] | |||
[[Category:Defunct watchmaking companies]] | |||
[[Category:Formerly government-owned companies of India]] | |||
[[Category:Manufacturing companies based in Hyderabad, India]] | |||
[[Category:Hyderabad State]] | |||
[[Category:Motor scooters]] | |||
[[Category:Scooter manufacturers]] | |||
[[Category:Manufacturing companies disestablished in 1995]] | |||
[[Category:Conglomerate companies established in 1942]] | |||
[[Category:Indian companies disestablished in 1995]] | |||
[[Category:Indian companies established in 1941]] | |||