Global Vehicles Pleased With Mahindra's EPA Certification Announcement

ALPHARETTA, Ga., Aug. 20, 2010 -- Mahindra just announced that it has received long awaited EPA certification for the pick-up trucks it plans to import into the United States by the end of this year. Moreover, Global Vehicles remains committed to distributing vehicles to its dealers under the terms of its agreement with Mahindra as expeditiously as possible through the ongoing litigation between the parties or otherwise.

Mahindra has posted on their website a press note claiming its relationship with Global Vehicles has been terminated. This claim is inaccurate. While it is true Mahindra attempted to terminate the exclusive Distributor Agreement with Global Vehicles after Global Vehicles filed an arbitration demand seeking to compel Mahindra to deliver vehicles to its dealers, such attempted termination is invalid under applicable laws of the United States and the State of Georgia, something which Mahindra continues to disregard.