Peugeot buys India’s iconic Ambassador Brand for $12 Million.
Most iconic brand of India Ambassador Brand is sold by Hindustan Motor to French Car manufacturing company Peugeot.
Ambassador was a choice for minister civil servant as well as taxi drivers.it was a perfect car for Indian road.
It was a status symbol of India.
Ambassador was available on diesel model and also it has air conditioning.it was Manufacturing 20000 models in 1980.
The car still remains popular with some taxi drivers and politicians and tourists looking for nostalgia.
Hindustan Motor stopped manufacture Ambassador in 2014.
But its downfall was as spectacular as its rise – dropping from sales of more than 20,000 cars in the mid-1980s to about 2,000.