One among India’s most iconic automotive manufacturers has been bought by Hindustan Motors to the French producer Peugeot for a nominal $12m (£9.6m), officers say.
The Ambassador automotive was one in every of India’s most prestigious autos beloved by authorities ministers. Nevertheless it has been out of manufacturing since 2014.
It isn’t clear whether or not Peugeot will revive the model.
Based mostly on the British Morris Oxford, the Ambassador was for 3 a long time India’s bestselling automotive.
Peugeot has lengthy been eager to get a foothold in India and was one of many first international automotive makers to enter the nation within the mid-1990s when the financial system first was liberalised.
The Ambassador was from the 1960s to the mid-1980s a standing image in India and was the one mass produced luxurious automotive available on the market.
Though not famend for its attractiveness, the automotive did win plaudits for its spacious inside and sound suspension, which was ideally suited to Indian roads. It was additionally one of many first diesel automobiles to look in India and one of many first to have air-con.
However its downfall was as spectacular as its rise – dropping from gross sales of greater than 20,000 fashions within the mid 1980s to about 2,000 in 2013-14 when manufacturing was suspended.
The automotive was additionally famend for its idiosyncrasies.
The handbrake not often labored correctly – as an alternative spawning a era of drivers that would simply do hill begins deftly balancing the accelerator and brake.
The indicator controls have been typically mounted in uncommon positions, its brakes have been notoriously tender and its steering lock was just about non-existent.