HMT time machines return with higher price - Times of India
The first batch of Hand Wound Wrist Watches manufactured at the Bangalore factory HMT Automatic 21 Jewels Men's wrist watch Vintage Collectible | eBay . "Customers are requested to purchase genuine HMT Watches through Mechanical Hand wound, Automatic, Quarts, the Braille, the Skeleton Watch, Pocket. Hmt is a bangalore based watch company owned by government. I am using HMT watches since 45 yrars fully automatic purchased at bangalore for just Rs.
Picture credit - Tarun Agarwal Being a watch collector fills your life with excitement. The excitement that can be compared with the one felt by a pearl hunter or an excavator of artifacts. Most collectors talk about the role of luck, of being the right person at the right place. But then I have days when luck shines upon me and the incident I am going to narrate here is of one such day and the story of my HMT Rakhee watch Late in the yearone night I was on call with my friend Jaideep and we were discussing HMT watches.
It was from the 70s and advertised HMT Rakhee watch. I was pleasantly surprised as I read through the advertisement and my admiration for the HMT watch company moved a notch higher. As we discussed, I told Jaideep that we should count ourselves lucky to even know that such an HMT watch even existed and that adding such a watch to our collection is nothing less than a distant dream.
HMT Watches in India 2019
It was a Friday night and I had plans for the next day. I dozed off dreaming about HMT Rakhee. Next morning, I took my wife to the city market area for shopping and quite forgot about the watch amidst the hustle and bustle of the busy market. We started back by afternoon to have lunch at Jaynagar. While driving back I spotted a small shop with a few watches at display.
5 iconic HMT watches prized by collectors
Much to the chagrin of my wife I decided to stop by and check them. I stepped inside the shop and found the usual assortment of quartz watches on display. Though disappointed, I was also happy that I did not have to spend much time at the shop. As I was stepping out the engaging shopkeeper asked me if he could help me.
Official Web Site of HMT Watches by HMT Limited | Buy online
I told him that I was searching watches with mechanical movements. He directed me to a neglected display case inside the shop. It was renamed as Praga Tools Limited in It is mainly involved in manufacture of machine tools, including CNC machines.
The most popular mechanical hand-wound watch is HMT Janata. HMT watches manufactured this skeleton watch based on 8N24 movement. InHMT expanded its watch manufacturing capacity with a set up alongside the Bangalore Factory to manufacture additional watches. InWatch factory at Bangalore was further expanded to manufacture Main Spring, Hair spring and Shock absorber components.
To cater to the Niche market, a specialised watch case manufacturing facility was set up at Bangalore in The main reasons were that the company was making losses for more than a decade. Duringthe company had losses of Rs crore on revenues of only Rs 11 crore. In contrast, competitor Titan 's watch business reported sales of Rs 1, crore during the same year.
The government also tried restructuring it in to improve its finances but the company continued to make losses. While in the s several new companies entered the market with newer designs and more modern production techniques, HMT is said to have been hobbled by slow decision making and was unable to compete.