In Science and Space: Two descendants of the Munjal family are embroiled in a lawsuit over their rights to use the Hero brand for their electric vehicle (EV) business. Vijay Munjal, who co-owns the largest electric two-wheeler company Hero Electric with his son Naveen Munjal, has been sued in the Delhi High Court against his cousin Pawan Munjal, promoter and chairman of Hero MotoCorp filed a lawsuit. The use of Hero MotoCorp is applying for brand names for future electric motorcycle products.
The company’s first product, a scooter, will compete directly with Hero Electric. Spokespeople for Hero Electric and Hero MotoCorp did not respond to related inquiries. A person with knowledge of the development said Vijay Munjal Group is seeking arbitration to settle a dispute over ownership of the brand, and the Delhi High Court has issued an injunction against Hero MotoCorp for using the ‘Hero’ trademark.
Mr. and Mrs. Munjal each employ more than six of his high-profile lawyers. Vijay Munjal hired the Khaitan & Co law firm and a team of lawyers including former Attorney General Gopal Subramanium and former Associate Attorney General A.S. and by individuals such as Rajiv Nayar. The case will be heard on January 5th. The lawsuit comes as Hero MotoCorp, the nation’s largest two-wheeler dealer, prepares to enter the EV business by March of this year.
It said it had filed an application for an order pending arbitration. he concluded. “The notice of arbitration was issued some time ago, but Vijay Munjal Group has relocated the Delhi High Court after no response from Hero MotoCorp side,” said the person. Under the Family Reconciliation Agreement signed in 2010, the four Munjar patriarchs agreed to resolve through mediation all issues and disputes between two or more family groups arising in connection with the agreement.