Statement by Global Vehicles on Latest Pronouncements by Mahindra

July 8, 2010

ALPHARETTA, Ga., July 8 /PRNewswire/ — It has been recently reported in the media Mahindra is claiming its pending litigation with Global Vehicles may delay the introduction of its vehicles to the United States market. This claim is both inaccurate and unfortunate. Indeed, in the litigation Global Vehicles seeks to compel Mahindra to honor its contractual obligations to obtain homologation of the vehicles and to begin shipping them pursuant to existing and long standing orders placed by Global Vehicles on behalf of its many dealers. Global Vehicles was constrained to take legal action as a result of Mahindra’s unjustifiable delay in making its vehicles available and to otherwise protect Global Vehicles’ dealers who have waited long enough for product. Global Vehicles and its dealers stand ready, willing and able to immediately begin selling Mahindra vehicles in the United States. All Mahindra needs to do is complete homologation and start delivering them. Thus any delay in entering the United States market rests exclusively with Mahindra and can in no way be attributable to the litigation or any actions of Global Vehicles.

SOURCE Global Vehicles

Source: newswire

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