In a boost for Hero MotoCorp’s EV plans, the Delhi High Court hasn’t barred the company from using Hero brand name for its electric vehicles, but has instead asked the Munjal scions to settle the dispute through an arbitration.The arbitration panel includes three retired judges.
Vijay Munjal, who, along with his son Naveen Munjal, owns Hero Electric, the largest electric two-wheeler company, had moved the Delhi High Court in October against his cousin Pawan Munjal, promoter and chairman of Hero MotoCorp, seeking an injunction on Hero MotoCorp using the brand name for its upcoming electric two-wheeler products.
While the court