Bizbits

Aiwa, Baron re-affirm tie-up

MUMBAI: Baron Electronics, distributors of Japanese firm Aiwa, today went on an aggressive drive to scorch rumours that both companies are ending their year-long partnership. A letter, circulated among Baron dealers, apparently written by Aiwa said that they are ending relationship with Baron due to falling 8220;standards of quality of Aiwa products8221;. While Aiwa said that 8220;this letter was forged,8221; Baron Electronics said they will lodge a police complaint to find the culprits of this forged letter. Addressing a conference, Rs 850 crore-Baron Electronics managing director Kabir Mulchandani said the letter was 8220;a blatant act of forgery and the handiwork of a criminal mind.8221; However, dealers in the metropolis still say the two are on a termination mode. 8220;We are planning to set up a manufacturing unit in association to exclusively manufacture Aiwa products,8221; says Mulchandani. 8220;Hence to say that we are breaking up is not correct,8221; he adds.