Mahindra faces lawsuit by dealers in US
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A group of automobile dealers in the US has filed a lawsuit against Mahindra & Mahindra (M&M), accusing it of fraud, misrepresentation and conspiracy, which the firm has denied.
According to Michael Diaz, managing partner of Diaz Reus & Targ, the law firm that is representing various dealers, the lawsuit alleges that "M&M duped hundreds of US auto dealers and walked away with more than $60 million in cash and trade secrets".
"M&M told the dealers that its light trucks and SUVs were ready for delivery to the US market. However, M&M intentionally delayed certification of its vehicles after obtaining the dealership fees and trade secrets and began pursuing other partners in the US and elsewhere in clear violation of their commitment," Diaz said in a statement.
When contacted, M&M said: "M&M unequivocally denies all allegations of fraud, misrepresentation and conspiracy."
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