Libel action against Bajaj Auto Ltd by TVS Motor
Mumbai, Sept 3: Bajaj Auto Ltd accuses TVS Motor Company of breaching their patent rights. The accusation is a malicious attempt to tarnish the fair name of a corporate that belongs to TVS group, which has consistently maintained the highest standards of ethics in business. The TVS Motor Company is surprised at the irresponsible allegations made by Bajaj Auto Ltd.
The patent that Bajaj claims is not for the use of twin spark plug technology per se but for the use of the two spark plug in a two valve IC engine with a detachably fixed sleeve.
Against this patent also an application for revocation has already been filed based on settled case law on the subject.
TVS Motor Company has been advised to initiate action for libel against Bajaj Auto Ltd. Therefore, TVS has advised its lawyers to put Bajaj Auto Ltd on notice to file a suit for damages in a sum of Rs250 crore.
OneIndia News
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