{"id":10595,"date":"2017-12-04T15:27:14","date_gmt":"2017-12-04T15:27:14","guid":{"rendered":"https:\/\/www.autodeals.pk\/?p=10595"},"modified":"2017-12-04T15:27:14","modified_gmt":"2017-12-04T15:27:14","slug":"nissan-sues-india-seeking-nearly-rs-8000-crore","status":"publish","type":"post","link":"https:\/\/autodeals.pk\/blog\/nissan-sues-india-seeking-nearly-rs-8000-crore\/","title":{"rendered":"Nissan Sues India Seeking Nearly Rs. 8,000 Crore"},"content":{"rendered":"<p>Nissan was allegedly promised to collect a massive incentive from the state government to set up a car production plant Advertisement Nissan has filed a lawsuit against India looking for an amount of more than $770 million (Approximately Rs. 8,000 crore) over an unpaid state incentive issue. Nissan claims, this incentive was guaranteed to the brand back in 2008 by Tamil Nadu government for putting up a car manufacturing plant in the state and the incentive was essential for the project\u2019s feasibility and sustainability.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-10599\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/12\/nissan-usa-social.jpg\" alt=\"\" width=\"800\" height=\"420\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Nissan also says that regardless of its repetitive requests to the state officials for the payment, the state government didn\u2019t pay heed. Yet Renault-Nissan Alliance chairman Carlos Ghosn too appealed Prime Minister Narendra Modi for federal assistance on the issue. However, that endeavor too didn\u2019t bring any positive consequences.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-10600\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/12\/2017-Nissan-Altima-front-three-quarter-300x200.jpg\" alt=\"\" width=\"800\" height=\"533\" \/><\/p>\n<p>However, in August Nissan got to international court to resolve the matter and it gave India an ultimatum to assign an arbitrator. Now the first arbitration hearing will be in mid of this month.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-10597\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/12\/2017-Nissan-Micra-Facelift-India-Launch-Price-Specs-Features-696x466-1-300x201.jpg\" alt=\"\" width=\"800\" height=\"536\" \/><\/p>\n<p>Talking about the issue, a senior Tamil Nadu government official has uttered they are working to resolve the dispute. Advertisement Currently, there are more than 20 international arbitration proceedings going on next to India by international investors and Nissan\u2019s lawsuit comes as the latest one.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10602\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/12\/2018-nissan-maxima-medium-300x150.jpg\" alt=\"\" width=\"800\" height=\"400\" \/><\/p>\n<p>This dispute among the Tamil Nadu government and Nissan point towards the difficulties the companies face as investing here.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10601\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/12\/3_4-AV_NISSAN_MICRA-V2-300x200.jpg\" alt=\"\" width=\"800\" height=\"534\" \/><\/p>\n<p>Despite the fact that the central government has been trying to entice the investors to invest here, such disputes certainly make dent in the country\u2019s image. However, such incident could influence the image of the city and the state too. Currently, quite a lot of automakers counting global majors like Ford and Hyundai have their production hubs in the state.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10598\" src=\"https:\/\/autodeals.pk\/blog\/wp-content\/uploads\/2017\/12\/2017-Nissan-Terrano-Facelift-India-Launch-Price-1-696x404-1-300x174.jpg\" alt=\"\" width=\"800\" height=\"464\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nissan was allegedly promised to collect a massive incentive from the state government to set up a car production plant Advertisement Nissan has filed a lawsuit against India looking for an amount of more than $770 million (Approximately Rs. 8,000 crore) over an unpaid state incentive issue. Nissan claims, this incentive was guaranteed to the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[25],"tags":[],"class_list":["post-10595","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.1 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nissan Sues India Seeking Nearly Rs. 8,000 Crore - Automotive News | Auto Deals Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/autodeals.pk\/blog\/nissan-sues-india-seeking-nearly-rs-8000-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nissan Sues India Seeking Nearly Rs. 8,000 Crore\" \/>\n<meta property=\"og:description\" content=\"Nissan was allegedly promised to collect a massive incentive from the state government to set up a car production plant Advertisement Nissan has filed a lawsuit against India looking for an amount of more than $770 million (Approximately Rs. 8,000 crore) over an unpaid state incentive issue. 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