Hyundai Global Motors (HGM) disputed a recent Indian court ruling against its alleged trademark violation of Korean auto giant Hyundai Motor Co., claiming it acquired the naming rights through a legal contract.
Hyundai Motor and its Indian affiliate have charged HGM, the Indian arm of South Korean knockoff car maker Global Motors, of improperly utilizing the name "Hyundai" and the automaker's emblem.
The Delhi High Court has upheld an injunction brought by Hyundai Motor to prevent HGM from using the "Hyundai" trademark and its emblem following the dispute.
The court decided that HGM cannot use the disputed name and logo after September 16 unless it can demonstrate that it is a Hyundai Motor affiliate.
Global Motors responded to the decision by releasing a statement in which it asserted that Hyundai Motor had authorized the company's founding. It stated that from 2011 till the end of 2016, HGM had business relationships with Hyundai.
HGM emphasized that it acquired the trademark rights through a contract with Hyundai Motor and served as an affiliate that also issued tax invoices from Hyundai Motor.


US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus
US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate
Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential
Capital One Says AML Review Led to Closure of Trump Organization Accounts
J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth
US Supreme Court Lets $655.5 Million Judgment Against Palestinian Authorities Stand During Appeal
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals
France Inflation Rises 2.4% in July as Consumer Prices Increase
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations
Citadel Warns High Treasury Yields Pose Broader Market Risks
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion
Juan Orlando Hernandez Seeks Dismissal of Honduras Charges After Trump Pardon
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus 



