The Ballester-Molina pistol, originally known as Ballester-Rigaud (so marked during first years of manufacture, circa 1938 to 1940), were made in Argentine by Hispano Argentina de Automotives SA (HAFDASA) company. Manufacture started in 1938 (ceased in 1953) in attempt to provide Argentinean police and military with less expensive alternative to the Colt modelo 1927 pistol, domestically made licensed copy of the American Colt M1911A1 pistol. Production of the Ballester-Molina ceased in the early 1950s. While Ballester-Molina pistol is externally very similar to Colt, it has significant differences, especially in the safety and trigger unit arrangements. Actually, the only parts exchangeable between Ballester-Molina and M1911A1 are the barrel with link and the magazine. The trigger and safety arrangements were more or less copied from the Spanish Star pistols, with the pivoting trigger, single trigger to sear link, and no grip safety. Ballester-Molina pistols were used by Argentinean military and police, as well as supplied to the Britain during Second World war. Britain issued these pistols to their Special Operations Executives agents, which usually operated behind enemy lines.

The Ballester-Molina pistol is a short recoil operated, locked breech pistol. the locking system is similar to that of Colt M1911A1, with the swinging link used to unlock the barrel from the slide. The single action trigger is pivoted on the axis, the frame-mounted manual safety locks the slide and the hammer.

In addition to the standard .45 caliber service pistol, from 1940 to 1953 HAFDASA also produced smaller numbers of .22 Long Rifle Ballester-Molinas. Identical in size and appearance to the .45 caliber weapon, these used a blowback bolt to accommodate the lower recoil of the rimfire cartridge. These guns were issued for training to Argentine military and police agencies. Compared to the .45 caliber service pistol, .22s are rare today due to limited production.