Hindustan Motors Sells iconic Ambassador car brand to French Company Peugeot
Posted on:13 Feb 2017 09:38:34
Free Current Affairs to Your Email
13 February 2017 Current Affairs: C K Birla Group-owned Hindustan Motors have signed a deal with French carmakerPeugeot SA Group on February 10, 2017 to sell its iconic Indian car brand “Ambassador” to Peugeot for Rs. 80 crore.
The production of 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.
Kolkata based Hindustan Motors would sell the car brand as well as the trademarks and use the proceeds to clear the dues of the employees and lenders.
FreshersLive - No.1 Job site in India. Here you can find latest 2018 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.