ZF Friedrichshafen has declined to comment on claims by India’s Force Motors that it would be entitled to EUR8m in compensation for cutting short a licensing deal with the German components specialist.
Force had said on Tuesday it had agreed to reduce the term of a license granted by ZF to make gear boxes in India.
The Indian firm would be entitled to the compensation for cutting short the license term, Force Motors said in a statement, which did not give other details.
Asked to give their side of the story, ZF said it did not wish to comment at present.
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