Hero Electric withdraws petition against Hero MotoCorp for use of 'Hero' for EVs - Business News: Latest News & Videos about market and economy | Trendmergers

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Hero Electric withdraws petition against Hero MotoCorp for use of 'Hero' for EVs

ET was the first to report, in July 2019, about Pawan Munjal’s nephew Naveen Munjal citing exclusive brand rights over green vehicles. Claims and counter-claims over brand use have begun to feature prominently in the media after Hero MotoCorp announced plans to launch an electric vehicle in the fourth quarter of the ongoing financial year. The Pawan Munjal-led Hero MotoCorp is the market leader in ICE (Internal Combustion Engine)-enabled motorcycles and scooters, and has recently announced its foray into the EV segment.

from Industry-Economic Times
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