FADA initiates legal action against UM Lohia
23 Oct 2019 5:17 PM GMT
New Delhi: Automobile dealers' body FADA on Wednesday said it has initiated legal action against bike maker UM Lohia Two Wheelers on behalf of its members.
UM Lohia, a joint venture (JV) between the Lohia Group and US-based UM Motorcycles, stopped operations in India abruptly last October, leaving around 80 dealers in the lurch.
These dealers have invested around Rs 150 crore in establishing requisite infrastructure alone.
The JV entity came into existence in 2015 and retail sales began in 2016.
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