Mahindra's U.S. Launch Postponed Indefinitely
Published: October 18th, 2010
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Beleaguered Indian truck manufacturer Mahindra has had their American launch delayed indefinitely, thanks to a series of legal battles between Mahindra and vehicle importer Global Vehicle Sales USA.
Global Vehicles argues that Mahindra wrongfully terminated the contract between the two companies. “The bottom line here is Mahindra now believes this is a huge project. They want us out of the way so they can go direct and save the money we were going to make,” Global Vehicles chief executive John Perez told the AP on Friday.
Mahindra’s managing director, Anand Mahindra said that the company has “no date” for entering the U.S.
[Source: Associated Press]
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