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Battery maker Exide Industries today said it has entered into a settlement agreement with the US-based Exide Technologies over the ownership of ‘Exide’ mark in India.
In October last year, Exide Industries had said the company and Exide Technologies were in litigation over usage of the name or mark ‘Exide’ directly or indirectly, in any manner in the country.
“The company was in discussion with the US company Exide Technologies for an out-of-court settlement to amicably resolve the long standing dispute. Based on the discussions, the company has entered into a settlement agreement with the Exide Technologies on May 19,” the company said in a regulatory filing.
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