GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Home News Auto News India’s Most Iconic Car; the Ambassador is Now French India’s Most Iconic Car; the Ambassador is Now French Auto News Gokul | February 16, 2017 12:26 pm After Rajinikanth and Shah Rukh Khan, the next most popular thing in India is probably the Hindustan Ambassador car. Wait, how did we forget about Aishwaria Rai?Anyways, unlike the two actors who are still going strong today, the Ambassador had to give way to newer brands like Maruti-Suzuki that have taken over the country’s automotive landscape.Hence, it was inevitable that the car’s fame and epic journey came to an end three years ago when it was discontinued.After some time, yesterday, Hindustan Motors; the Ambassador’s parent company reportedly announced that it has sold the brand to PSA Peugeot-Citroen.According to a report by the Times of India, The C K Birla Group-owned Hindustan Motors sold the Ambassador brand to the French for 12 million USD last Friday."We have executed an agreement with the Peugeot SA Group for the sale of the brand Ambassador, including the trademarks. We intend to use the proceeds from the sale to clear dues of employees and lenders," a CK Birla Group spokesperson said.With PSA announcing their plans to make a re-entry into the Indian market in 2018, there are possibilities for the French to use Ambassador as the name of a new low-end sub-brand for India, similar to how Nissan brought back the Datsun brand.But then again, that is just our speculation and Peugeot has not said anything on what exactly it intends to do with the Ambassador brand.It is said that PSA also intends to use Hindustan Motors’ plant in Chennai, which currently produces Mitsubishis with an annual capacity of 12,000 units, to build its own cars in the near future. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Citroen Hindustan Motors Hindustan Motors Ambassador HM Ambassador India Peugeot PSA PSA Peugeot Citroen Print Related News Geely Withdraws Proton Partnership Bid; Road Clear For PSA Group? Auto News Kon | March 23, 2017 China’s Geely Automobile Holdings has withdrawn its bid for a 51% controlling stake in national automaker Proton, according to Geely president An ... PSA Group Reportedly Secures Deal To Build Aisin Gearboxes Auto News Eric | May 25, 2017 PSA Group is currently in talks with Toyota-owned Aisin to assemble their gearboxes at one of their own production facilities, according to a report ... PSA Group To Have Only Two Platforms, Fully Electrified Product Range By 2025 Auto News Gokul | October 03, 2018 As part of its ‘Push To Pass’ strategic plan, the PSA Group (Peugeot, Citroen, Opel, and Vauxhall) has been scaling back the number of its platforms ... Naza and PSA Group To Establish ASEAN Manufacturing Hub – CKD 3008 and C5 Aircross Coming Auto News Arvind | February 26, 2018 Naza Corporation Holdings and the PSA Group, owners of Peugeot, Citroen and DS Automobiles, have announced the signing of a share sale, and joint ... Comments
India’s Most Iconic Car; the Ambassador is Now French Auto News Gokul | February 16, 2017 12:26 pm After Rajinikanth and Shah Rukh Khan, the next most popular thing in India is probably the Hindustan Ambassador car. Wait, how did we forget about Aishwaria Rai?Anyways, unlike the two actors who are still going strong today, the Ambassador had to give way to newer brands like Maruti-Suzuki that have taken over the country’s automotive landscape.Hence, it was inevitable that the car’s fame and epic journey came to an end three years ago when it was discontinued.After some time, yesterday, Hindustan Motors; the Ambassador’s parent company reportedly announced that it has sold the brand to PSA Peugeot-Citroen.According to a report by the Times of India, The C K Birla Group-owned Hindustan Motors sold the Ambassador brand to the French for 12 million USD last Friday."We have executed an agreement with the Peugeot SA Group for the sale of the brand Ambassador, including the trademarks. We intend to use the proceeds from the sale to clear dues of employees and lenders," a CK Birla Group spokesperson said.With PSA announcing their plans to make a re-entry into the Indian market in 2018, there are possibilities for the French to use Ambassador as the name of a new low-end sub-brand for India, similar to how Nissan brought back the Datsun brand.But then again, that is just our speculation and Peugeot has not said anything on what exactly it intends to do with the Ambassador brand.It is said that PSA also intends to use Hindustan Motors’ plant in Chennai, which currently produces Mitsubishis with an annual capacity of 12,000 units, to build its own cars in the near future. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Citroen Hindustan Motors Hindustan Motors Ambassador HM Ambassador India Peugeot PSA PSA Peugeot Citroen
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Geely Withdraws Proton Partnership Bid; Road Clear For PSA Group? Auto News Kon | March 23, 2017 China’s Geely Automobile Holdings has withdrawn its bid for a 51% controlling stake in national automaker Proton, according to Geely president An ...
PSA Group Reportedly Secures Deal To Build Aisin Gearboxes Auto News Eric | May 25, 2017 PSA Group is currently in talks with Toyota-owned Aisin to assemble their gearboxes at one of their own production facilities, according to a report ...
PSA Group To Have Only Two Platforms, Fully Electrified Product Range By 2025 Auto News Gokul | October 03, 2018 As part of its ‘Push To Pass’ strategic plan, the PSA Group (Peugeot, Citroen, Opel, and Vauxhall) has been scaling back the number of its platforms ...
Naza and PSA Group To Establish ASEAN Manufacturing Hub – CKD 3008 and C5 Aircross Coming Auto News Arvind | February 26, 2018 Naza Corporation Holdings and the PSA Group, owners of Peugeot, Citroen and DS Automobiles, have announced the signing of a share sale, and joint ...