India

HMT Watches: The Rise and Fall of India’s Watchmaking Titan

Once upon a time HMT was amongst the largest watchmakers in the world, until it became defunct in 2016. Farzad Mistry charts its history and decline.

Time Runs Out For India’s National Watchmaker HMT, Once a Global Giant

State-owned HMT Watches, once India's largest watchmaker, will soon be shut down after bleeding red ink for years, a consequence of a something familiar to Swiss watchmakers: cheap quartz imports. Competition from fellow Indian watch brand Titan merely added to its woes.


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