Nissan Motor Co. is seeking compensation from India, saying the government failed to keep its end of the bargain on promised tax breaks after wooing the automaker to set up a factory.
The Yokohama-based carmaker has started international arbitration against the Indian government, a Nissan spokesman said Friday. The company wants $770 million in payments and damages, Reuters reported Friday, citing a person familiar with the matter. Nissan sent a legal notice to Prime Minister Narendra Modi last year after making repeated requests, the report said.
"We are committed to working with the government of India toward a resolution," Nissan said in an email message, declining to elaborate. A spokesman at the commerce ministry in New Delhi didn't immediately respond to a message seeking comment.