 "cars, automobiles, vehicles")
The Federation of Automobile Dealers Associations (Fada), an association of the automobile dealer fraternity, has issued a legal notice to UM Lohia Two Wheelers Pvt Ltd and its joint venture promoters for allegedly cheating its dealers. The company has completely stopped its operations in the country.
According to Fada, these dealers have incurred a total estimated capital loss of around Rs 150 crore, and around 2,500 jobs have also been affected. The company's product has a price range of around Rs 1.75 lakh and a customer base of 10,000.
An email sent to the company had not been responded to
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