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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
