HMT is stuck in a bygone era. In the '70s and '80s crowds of people would line up outside HMT showrooms with recommendation letters from politically connected friends/relatives in order to be able to buy watches. Obviously that's no longer the case, people have other options now that the Indian economy isn't closed off to the outside world anymore. The HMT ABD still has a supply of previously manufactured 36mm cases and 0231 hand-wound movements that they're sloooooowly assembling and selling off through their broken website (which does not ship outside of India) and a few showrooms scattered around Bangalore. Their prices for the original Janata, Pilot, Kohinoor, Jhalak, and Vijay models are cheap as ever but the QC is more hit or miss than it was after the layoffs and factory closings. They're also making and selling some quartz and automatic models in larger 40mm+ cases with imported off-the-shelf Miyota movements.
Sometimes, for a large enough group order they'll make and sell custom 'limited edition' versions of their watches according to customer-given specifications. That's how the Pilot 'White Dial' Limited Edition first came into being back in 2013. There are also a ton of crappy fake HMT watches with repainted dials and cannibalized movements floating around on eBay for ~$15 a pop.