M&M suffers minor setback in US

Subscribe to GoodReturns

Country's leading automobile company Mahindra & Mahindra has suffered a minor blow in US after a District Court has upheld the lawsuit filed by the Indian company's American dealers.

The District Court in its verdict has allowed the case to move forward.

Earlier, M&M has filed a plea in local court to dismiss the lawsuit alleging fraud, misrepresentation and conspiracy by US auto dealers last June. The auto major is facing a legal battle from its American dealers over the launch of its first ever passenger vehicle product in the US market.

Last year, an American dealer had filed a suit against M&M alleging that the company misled them into believing that it was planning to roll out a new truck brand for the US market.

Read more about: mahindra mahindra
Story first published: Friday, March 15, 2013, 14:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?