TVS added that both itself and Bajaj Auto have mutually agreed to withdraw the pending proceedings and release each other from all liabilities, claims, demands and actions in respect of the pending proceedings.
The Discover 110 model, powered by 115.5 cc engine will be available for Rs 50,496, while Discover 125 with a 124.5 cc power unit is priced between Rs 53,491 and Rs 56,314 for drum and disc version, respectively (Ex-showroom Maharashtra).
The board of directors has recommended a final dividend of Rs 5 per share at 50 per cent. The total amount of final
dividend and tax, including the amount paid as interim dividend, amounts to Rs 1,916 crore.
Alyque Padamsee will be best remembered for iconic campaigns such as 'Lalitaji' for Surf, 'Cherry Charlie' for Cherry Blossom Shoe Polish, MRF's 'Muscle Man', the Liril girl in the waterfall and 'Hamara Bajaj' for the auto major