Syracuse.com reported yesterday that Mahindra & Mahindra Ltd settled it's lawsuit with US-based Bannon Automotive back in August of 2011. As reported a little over a year ago, Bannon Automotive filed a lawsuit against Mahindra claiming that they reneged on an agreement to deliver knock-down kits of it's Mahindra Reva electric cars to Bannon for assembly in an Upstate New York assembly plant. The lawsuit has been settled without comment from either party and conditions of the agreement are unknown.
Mahindra is claiming that they will not be building Mahindra pickup trucks in the United States in partnership with Navistar in Alabama as Mahindra Planet broke news last month. Could it be that Mahindra plans to build Mahindra Reva electric cars there instead? Or could Mahindra be planning to build both Mahindra and Mahindra Reva vehicles at the mysterious Alabama facility? Stay tuned.
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