New Delhi: In a rare move, a top sheet metal manufacturer of Indian sheet metal used to trademark the name “Akhlaq” has decided not to use the trademark against its own owner, a move that was welcomed by the company’s parent company, a leading consumer electronics firm.
The steel-making firm, which has a turnover of about $2 billion, said in a statement on Friday that it will no longer use the name in the name and logo of its own products, as it does not have any intention to defend the trademark.
“The company has been considering the matter and will not pursue any legal action against any of the names and brands it owns,” the statement said.
The company said that it would be “appropriate” to issue a statement to the media, but declined to provide details.
The move is the latest in a string of disputes between Indian manufacturers and Indian brands.
In January, a major steel supplier filed a complaint with the Indian trademark office against another manufacturer, alleging infringement of the name.
The complaint was filed by the Tata Group Steel Pvt.
It has since been dismissed.
In May, the steel maker Mahindra and Mahindranwale filed a petition in the Bombay High Court against a rival steel maker, alleging a violation of its name.
It was dismissed in July.
In November, a steel company in the United States filed a lawsuit against the maker of a sheet metal pick.
In January, the United Steelworkers Union, the largest steel workers union in the country, filed a similar complaint against a steel maker in Canada.
The companies said they were not seeking to stop other manufacturers from using the names of their products, and that they were merely protecting the names that the companies themselves have used.