Updated: November 1, 2019 4:00:50 am
A decade-old legal dispute between rivals TVS Motor Company and Bajaj Auto has finally been settled, out of the court.
In a communication, TVS Motor announced that it entered into an agreement on Thursday with Bajaj Auto to amicably settle the long-drawn dispute relating to alleged infringement of Bajaj’s patent No. 195904 (on twin spark technology), defamation suit filed by the company against Bajaj Auto and other related proceedings filed against each other, which were pending before the Madras High Court, Bombay High Court, Intellectual Property Appellate Board (IPAB), Chennai and courts in Sri Lanka and Mexico.
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. None of two-wheeler makers are required to pay any compensation or penalty to the other as part of the said settlement. “There will be no impact on financial position of the company due to the settlement agreement,” TVS added.
Both companies had been locked in a patent dispute over the use of twin spark plug engine technologies, where Bajaj Auto had claimed that it holds a patent on it. The technology-enabled spark plugs were to help fuel burning more efficiently, leading to greater mileage. Bajaj Auto had got the patent for its twin spark technology way back in 2005. FE
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