Atul Auto Ltd ( (IN:ATULAUTO) ) has issued an update.
Atul Auto Limited and its subsidiary, Atul Greentech Private Limited, have been restrained by the Hon. High Court of Delhi from using the brand names MOBILI, Mobili, and Mobili Swap due to a trademark infringement claim by Exxon Mobil Corporation. The court order prevents the sale of their electric vehicles under these names until the next hearing. The company is planning to appeal the decision, believing that the products of both parties are distinct and does not foresee a significant financial impact from this order.
More about Atul Auto Ltd
Atul Auto Limited is a company operating in the automotive industry, primarily focusing on the manufacturing and sale of vehicles. The company is based in Gujarat, India, and has a subsidiary named Atul Greentech Private Limited, which is involved in the electric vehicle segment.
YTD Price Performance: -13.47%
Average Trading Volume: 12,429
Current Market Cap: 13.75B INR
Learn more about ATULAUTO stock on TipRanks’ Stock Analysis page.