
According to Vartha Bharati, the iconic Indian watchmaker HMT is experiencing a notable resurgence in popularity and sales. Once a household name in India, the brand faced significant market challenges following the entry of competitors like Titan in the 1980s and 90s, which led to a decline in its market dominance and eventual scaling back of operations.
Recent market trends indicate that HMT has found a new niche among horology enthusiasts and nostalgic consumers who value the brand's mechanical heritage and affordability. The company has pivoted toward an e-commerce-first model, which has allowed it to reach a younger demographic interested in vintage-style timepieces. This shift has reportedly helped the brand stabilize its position in a highly competitive market.
While the company has not released official figures confirming record-breaking sales, the sustained demand for its classic mechanical and quartz models suggests a successful brand turnaround. The resurgence highlights the enduring appeal of 'Made in India' legacy products in the modern era, as consumers increasingly seek out items with historical significance alongside contemporary functionality.
The story discusses a resurgence in interest and sales for HMT watches, a legacy Indian brand. While the specific claim of 'record-breaking' sales is not corroborated by international wires, the brand has indeed seen a revival in the collector's market and through its e-commerce platform in recent years.
No corroborating trusted sources found.
Original report: Vartha Bharati