Samsung Retailers To Protest In Pune On April 18 Over ₹50 Crore Dues: Report

Samsung Retailers To Protest In Pune On April 18 Over ₹50 Crore Dues: Report

The Maharashtra unit of the All India Mobile Retailer Association (AIMRA) has expressed concerns over the lack of action from the South Korean smartphone major despite commitments to clear the outstanding dues, which arose due to a change in distributorship in the region

Aakash SinghUpdated: Monday, April 08, 2024, 01:23 PM IST
article-image
Representational image |

Samsung retailers are set to protest in Pune on April 16, demanding the clearance of dues amounting to ₹50 crore, pending for over a year, reported the Economic Times.

The Maharashtra unit of the All India Mobile Retailer Association (AIMRA) has expressed concerns over the lack of action from the South Korean smartphone major despite commitments to clear the outstanding dues, which arose due to a change in distributorship in the region.

In March 2023, Samsung terminated its long-standing distributor relationship with SSK, a part of the Syska group, and appointed two new distributors — Bengaluru-based ABM Group and Kolkata-based Karuna Marketing. This transition disrupted operations, leaving retailers without incentives owed to them for meeting sales targets during the transition period.

According to AIMRA, representing over 1.5 lakh mobile retailers in the country, the sudden distributor change in March 2023 left the market underserved and resulted in numerous unresolved retail claims. "Despite assurances from brand representatives, outstanding claims of over ₹50 crore remain unsettled for over a year," the association said in a letter to Samsung sent Monday.

"This issue stems from a significant change in distribution, resulting in substantial outstanding claims remaining unresolved at Samsung's end," it added.

RECENT STORIES

Nashik Dry Day: Liquor Sale Banned For Polls; All Wine Shops, Bars Will To Be Closed

Nashik Dry Day: Liquor Sale Banned For Polls; All Wine Shops, Bars Will To Be Closed

VIDEO: Passengers Jump In Panic As Smoke Comes Out From Train Near Nashik

VIDEO: Passengers Jump In Panic As Smoke Comes Out From Train Near Nashik

Nashik News: YCMOU Summer Semester Written Exams to Begin on May 24, 84-Year-Old Man Dies Due to...

Nashik News: YCMOU Summer Semester Written Exams to Begin on May 24, 84-Year-Old Man Dies Due to...

Jewellery Shop Looted In Broad Daylight In Pune's Mohammedwadi; Watch CCTV Footage

Jewellery Shop Looted In Broad Daylight In Pune's Mohammedwadi; Watch CCTV Footage

Nashik: Zila Parishad Meeting Focuses on Enhancing Efficiency of Group Resource Centres

Nashik: Zila Parishad Meeting Focuses on Enhancing Efficiency of Group Resource Centres