IAB Report – Nissan wants to go solo but Hover Auto does not consent

Posted on: Feb 15, 2014 - 10:03am IST

Nissan India announced yesterday that it would assume full responsibility for the sales, marketing and distribution of its products in the country, thus cutting ties with Hover Automotive India (HAI), the national sales company of Nissan India.

It may be easier said than done for Nissan as HAI refuses to acknowledge its split with the Japanese company. HAI released a statement last evening saying that negotiations are ongoing and that it would be premature to conclude any termination with Nissan.

2014 Nissan Sunny facelift at Auto Expo 2014

The statement further reads that Nissan can move forward with its decision only with the “cooperation and consent” of HAI. Until that happens, HAI continues to be the sole and exclusive distributor for Nissan branded vehicles in India.

According to Richard Spitzer, acting COO, Hover Automotive India, Nissan does not have any legal basis for the termination of HAI’s services. Mr. Spitzer says that HAI will pursue the necessary course of action to protect interest of its employees and stakeholders.

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3 thoughts on “IAB Report – Nissan wants to go solo but Hover Auto does not consent

  1. Ramish says:

    “cooperation and consent” I can smell something here 😉

    While ‘cooperation’ shall not be an issue for Nissan, ‘consent’ of HAI could be painful and time consuming.

    Reply
    1. kumar says:

      best for nissan to ditch Hai, as they made lot of money distributing world class products but giving very poor marketing, service and customer satisfaction.

      Reply
      1. Prabhu says:

        Mr Kumar, please review situation exactly after 1 year, you will get the answer?

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Anjan
Anjan Ravi

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