Hindustan Motors sold the Ambassador brand to Peugeot for Rs 80 crore

The iconic Hindustan Motor Ambassador has been sold to the French manufacturer Peugeot for an agreed sum of Rs 80 crore. The C.K. Birla Group, who owns the Hindustan Motors, formalised the deal with the PSA Group for the sale

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Peugeot Citroen and the CK Birla Group signs agreement for Indian operations

As we had reported earlier, Peugeot Citroen will mark its return to India through a joint venture between PSA Group and the CK Birla group. Both the companies have now entered into an agreement to manufacture and sell vehicles and

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