Mahindra Refutes All Allegations of US Dealers PR Newswire MUMBAI, June 7, 2012
MUMBA I,June 7, 2012/PRNewswire/ --We have seen the press release issued by the legal firm of Diaz Reus and Targ which claims to represent some US automobile dealers in a suit apparently filed onJune 4, 2012in the US District Court inGeorgiaA tlanta,against Mahindra & Mahindra Ltd. and MahindraUSAInc.
In a separate related development, an International Arbitral tribunal has inFebruary 2012dismissed similar allegations and claims against Mahindra made by Global Vehicles. Mahindra is in the process of enforcing that arbitration award. Mahindra unequivocally denies all allegations of fraud, misrepresentation and conspiracy. For further information please contact: Ms. Roma Balwani Senior Vice President & Group Head, Corporate Communications Mahindra & Mahindra Ltd. Phone: +91-22-2490-1441 Fax: +91-22-2490-0830 Email: balwani.roma@mahindra.com