24883
US Auto dealers file law suit against Mahindra
Posted on 07 Jun 20124,435 Views Comments
Mahindra & Mahindra accused of intentionally delaying certification of its vehicles after obtaining the dealership fees and trade secrets
A clutch of automobile dealers from United States of America have filed a lawsuit against Mahindra & Mahindra and its U.S. counterpart alleging the company of resorting to fraud, misrepresentation and conspiracy on June 4.
A press release posted on prnewswire.co.insaid, the lawsuit alleges that Mahindra duped hundreds of U.S. auto dealers and walked away with more than $60 million in cash and trade secrets. Then Mahindra simply reneged on its promises, according to attorney Michael Diaz, the managing partner of Miami-based Diaz Reus & Targ, who leads the plaintiffs' legal team of Gary Davidson, Brant Hadaway, Carlos Gonzalez and Sumeet Chugani.
A statement issued by Mahindra & Mahindra on Wednesday said, "Mahindra unequivocally denies all allegations of fraud, misrepresentation and conspiracy."
Referring to the law suit filed on June 4, statement said, "We cannot comment on this as the matter is in the courts," however added, "We would like to state that some dealers had earlier filed a suit against Mahindra and Global Vehicles in the US District Court in Missouri. The Missouri Court dismissed all claims against Mahindra in that suit. Significantly, the Missouri Court also ruled that Mahindra could not be held liable for any action of Global Vehicles with respect to its dealers."
The mass tort lawsuit was filed in U.S. District Court in Atlanta on June 4, 2012 against Mahindra & Mahindra, Ltd, and Mahindra USA, Inc. by dealerships in New Hampshire, Florida, California, New Jersey, and Washington.
"Mahindra told the dealers that its light trucks and SUVs were ready for delivery to the U.S. market," said Diaz. "However, Mahindra intentionally delayed certification of its vehicles after obtaining the dealership fees and trade secrets, and began pursuing other partners in the U.S. and elsewhere in clear violation of their commitments."
Do you like this story?
- Previous Story
- Next Story
Readers' opinions ( 0 )
Post a Comment
Post a CommentMahindra to recall some XUV500 for window glitches
by ET Bureau Photography: Kunal Khadse
Mahindra & Mahindra have announced a voluntary...
Anand Mahindra appointed as Honorary Ambassador of Foreign Investment for Korea
Anand Mahindra, Vice Chairman and Managing...
Mahindra Aerospace and Mahindra Satyam enter into partnership with Eurocopter
The Mahindra Group's cars have travelled our...
The Ferrari Way : Special Coverage
Ferrari has been voted as the most powerful brand in the world according to Brand Finance and the...
Chevrolet Enjoy : Special Coverage
Designed to take on everything from the Maruti Suzuki Ertiga to the Toyota Innova the Enjoy is...
