Tuesday, July 20, 2010

Indian Press: Mahindra Attempting to Remove Global Vehicles from Import and Distribution Partnership

India’s MoneyControl.com is reporting today via unnamed sources that the basis of the legal battle between Indian light truck manufacturer, Mahindra & Mahindra, and their US importer, Global Vehicles USA (GV), is due to Mahindra’s desire to control US distribution through their existing tractor distributor, Mahindra USA.

Mahindra has not commented on missing multiple US launch dates for the highly anticipated 30 mpg diesel pickup trucks. GV has initiated legal action against the Indian conglomerate, claiming they have purposely delayed the launch, in hopes that further delays may be mitigated. Mahindra has since countered GV’s accusations by claiming that the suit has no solid basis, in spite of Mahindra not filing required EPA documentation in order to sell their vehicles in the United States.

The report claims that Mahindra wanted to buy out Global Vehicles, but that an accord could not be reached, resulting in legal arbitration. The report goes on to state that Mahindra now desires to use their existing US tractor enterprise, Mahindra USA, to control import and distribution of the pickup trucks.

The article also states that Mahindra still intends to launch the US versions of the pickup before the end of 2010.

The report is found here: M&M, Global Vehicles in legal tussle over entry in US

Thanks for the tip, PeeWee.

1 comment:

dick said...

Jim Morrison said it the best.
"This is the End."


See ya around the campfire GV!