New Delhi: In setbacks for the Panta Munjal-Run Hero Motocorp, the 2010 family settlement bar company and the promoter of using the ‘Hero’ brand name that is popular for all types of electric vehicles – tricycles, three and four wheels.
– Because the global right for green technology has been allocated to family members and naveen nephews Munjal’s Hero Electric.
Every violation here “will lead to legal action”, Naveen told TII, explaining that “only my family has the right to use a hero brand for green vehicles”, although no one does not compete / ban other clan members who can enter Categories but with different branding.
Naveen, son of Pawan Vijay Munjal’s cousin, run a two-wheeled business hero since 2007, and said his family received “global right on behalf of the Hero brand for Electrics”, both for personal consumer use, or commercial markets.
This is done as part of a larger settlement between various members of the Munjal clan, who run several businesses under the name of the ‘hero’ brand everywhere (two wheels, cycles, insurance, realty, electric vehicles, components, and have players like Sunil Munjal and Pankaj Munjal, besides Pawan Munjal and Vijay Munjal.
“We have the ownership of the Hero brand name for Electrics and no one else can use it.
There is no ambiguity here.
We can use it for all types of vehicles that run on land – two wheels , tricycles, cars, or commercial vehicles, “said Naveen, added it,” if our rights are interrupted, we will take a legal path.
“A spokesman for Pantan’s Hero Motocorp said,” The MOTOcorp hero remains fully committed to encouraging sustainability and Clean mobility, including through electric vehicles, in India and in our market throughout the world.
There is a family understanding in place, which everyone in K Equity Munjal is very conscious, and everything is done in the parameters of understanding and agreement.
The brand names used on the vehicle even because the date of speaking alone.
The family agreement is very clear.
The Motocorp hero is very aware of his rights, and always acts, and will continue to act on the best legal advice.
“However, the Motocorp hero circled the question of whether it can use the name of the ‘hero’ brand for the upcoming EVS.
At that time the braces for fierce competition from newcomers such as Ola Electric, Hero Motocorp has announced aggressive investment in EV business (it also has exposure Finance at Athere Startup) and planned to launch his first green vehicle this year.
However, what branding will be used by the company is still unclear.
Open for partnerships with Heroes Motonaveen Munjal said he remained “open for anything”, including partnerships in the family , When he expanded his business under the Electric Heroes.
“We are open to partnerships in the family.
We are not covered with that idea, “said Naveen when asked whether he was ready to collaborate with the Hero of the Hero of Uncle Pawan Munjal.” We have a friendly family relationship, and no hostility.
It’s just that we have to protect the interests of our business.
“