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In this photograph taken on February 14, 2017, Indian Hindustan Motors Ambassador taxis stand parked on a street in Kolkata India' s Hindustan Motors has sold its Ambassador car to France' s Peugeot for just USD12 million, capping a spectacular downfall for a vehicle once emblematic of the country' s political class. The CK Birla group, the owners of Hindustan Motors, have sold the car brand for 800 million rupees to the French auto makers, a company spokesman confirmed to AFP. Hindustan Motors, India' s oldest car maker, stopped production of the Ambassador in 2014 citing debt and lack of demand for the vehicle which was designed on Britain' s long- defunct Morris Oxford. (Photo by Dibyangshu Sarkar/AFP Photo)
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