The Indian politicians' and actors' favorite "laal batti vali gaadi" has been sold to the French automaker Peugeot for Rs. 80 crore. The company discontinued the production of ambassador three years ago because of the staggering sales of the vehicle. Back in the 1970s and 80s, the car sold around 25000 units a year, which dropped to mere 2,500 units or less during 2010s.