Anand Mahindra left surprised at price of 1972 Ambassador car, says ‘I Can Hardly Believe’

The industrialist stated in a tweet, he claimed that this news gave him Sunday nostalgia, and he remembers the time when he was a student at JJ college and used the bus to travel, but his mother would let him drive her blue fiat car occasionally, and even at that time, it was hard to believe that this car was so expensive. In the tweet, he also included a paper cutout of the price increase announcement from January 25, 1972.

The newspaper cutout included the words, “Car prices rose.” The statement continued that, Pricing of Ambassador, Fiat, and Standard automobiles will increase with the Government’s refixation of ex-factory prices in light of the recent Supreme Court verdict. Without accounting for transportation costs and local taxes, the cost to users of the Ambassador automobile will increase by at least Rs 160, that of the Fiat by Rs 300, and that of the Standard by Rs 600. Recently Government published the following revised ex-factory pricing, including dealers’ commission: Ambassador Rs 16,946.

This has plunged me into some ‘Sunday reminiscing.’ I was in JJ college at that time. Used to go by bus, but my mother occasionally allowed me to drive her blue Fiat. Even I can hardly believe this is what it cost at that time! pic.twitter.com/jtppIXvFtI

— anand mahindra (@anandmahindra) January 29, 2023

Anand Mahindra’s post generated a flood of responses on social media. “In 1972, my father acquired an Ambassador automobile for Rs 18000/- on the road,” a person wrote on the post. It is expensive, a different user said. Other individuals also voiced their worries about the declining value of the Indian rupee.

FAQs:

1. What were the revised ex-factory rates that Government published?
   The government released the updated ex-factory cost listed below, which includes the dealers’ commission: Ambassador 16,946 rupiah (Rs 127 higher)
2. Why was Anand Mahindra shocked by the price of the 1972 Ambassador car?
   The business tycoon tweeted his surprise at the pricing of a 1972 Ambassador and Fiat Car. The tweet indicates that the Fiat 1100-D was priced at Rs 15,946 at the time, whilst an Ambassador was worth Rs 16,946 at the time, after a price increase.