Force Motors will be entitled to compensation of EUR8m when it cuts short a licensing deal with ZF Friedrichshafen AG, according to reports.
According to Reuters, the Indian company has agreed to reduce the terms of the deal with the German group, under which Force has been making gear boxes in India.
Reuters said the news came from a statement from Force. No other details were forthcoming.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
