Ambassador Car - Brand Sold to Peugeot

Iconic Brand Sold For Just  Rs.80 crore by Hindustan Motors Limited

The Hindustan Ambassador car was discontinued in 2014 as sales dropped continuously and it could not keep up with the new generation of cars in the Indian market.

source

http://auto.ndtv.com/news/ambassador-brand-sold-to-peugeot-for-rs-80-crore-1658287

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For history of Ambassador car

http://www.moneycontrol.com/news/business/peugeot-buys-ambassador-how-indias-iconic-car-fellglory_8475341.html

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Important : Hindustan  Motors Share is Rs. 5 Paid Up.

General Warning : Investment in Shares Can be Injurious to Your  WEALTH 

Caution :The blog writer has personal/ family members' holdings in Hindustan Motors  , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )