The new electric car will be produced at Hindustan Motors' Chennai plant, which previously produced Mitsubishi cars.
Digital Desk: The iconic Ambassador car, which was once a symbol of the powerful elite, is making a comeback, but this time in an electric form.
According to reports, Hindustan Motors, the makers of the well-known brand of automobiles, are reportedly going to cooperate with a European electric vehicle manufacturer. The objective is to manufacture electric vehicles. Notably, the two corporations have signed an agreement to seal their partnership.
Moreover, Hindustan Motors will develop electric two-wheelers in collaboration with its European partner to start with. According to reports, the collaboration will operate on a 51:49 ratio, with Hindustan Motors holding the dominant stake.
Hindustan Motors reportedly sold the Ambassador name to Peugeot for Rs 80 crore, which included the brand and rights, and Hindustan Motors is cooperating with Peugeot to produce electric vehicles.
Reports further claimed that the new electric car will be produced at Hindustan Motors' Chennai plant, which previously produced Mitsubishi cars.
It may be mentioned that the last Ambassador car was rolled out of Hindustan Motors' Uttarpara facility in West Bengal in September 2014.