MAN dealers to go to court seeking compensation

Earlier this year, MAN Trucks India - a Volkswagen Group company, decided to shut down its operations and sell its assets in India. The sudden exit from the Indian market has irked dealers, who are planning to move the court seeking compensation.

The Federation of Automobile Dealers Association (FADA) has stated that the dealers had invested Rs. 200 crore in infrastructure and software equipment and have not been offered any compensation for the same.

In response, MAN Trucks India has said that it has only terminated the sales contract and that dealers will continue to offer after sales service to its customers. MAN will be supplying spare parts to dealers for five years. Further, the company has also offered a support program to dealers that is likely to generate more earnings.

Source: Economic Times