19-Nov-2024 07:57 PM
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Chennai, Nov 19 (Reporter) A Division Bench of the Madras High Court has directed status quo to be maintained in favour of TAFE with regard to TAFE’s use of the “Massey Ferguson” brand.
While doing so, the Court recognised TAFE’s use of the brand for more than six decades.
The Court has directed that ownership and other related issues will be decided by the Single Judge
of the Madras High Court before whom the Applications are pending, a release
from TAFE on Tuesday said.
The present status quo is in continuation of the status quo granted to TAFE as early as in April 2024, and the latest of several judicial orders protecting TAFE’s rights to the use of the Massey Ferguson brand.
TAFE - Tractors and Farm Equipment Limited, an Indian tractor major incorporated in 1960 in Chennai, India. As one of the largest tractor manufacturers in the world and the second-largest in India by volume, TAFE sells over 180,000 tractors annually.
TAFE has earned the trust of customers through its range of products, which are widely acclaimed for their quality and low cost of operation. A strong distribution network of over 1,600 dealers effectively supports TAFE’s four iconic tractor brands - Massey Ferguson, TAFE, Eicher Tractors, and IMT. TAFE exports tractors to more than 80 countries, powering farms in Asia, Africa, Europe, the Americas, and Russia.
In 2005, TAFE acquired the Tractors, Engines and Transmissions business of the legendary Eicher brand with German roots, through a wholly owned subsidiary - TAFE Motors and Tractors Limited (TMTL). Beyond tractors, TAFE and its subsidiaries have diversified business interests in areas such as farm machinery, diesel engines and gensets, agro-industrial engines, engineering plastics, gears and transmission components, hydraulic pumps and cylinders, vehicle franchises, and plantations...////...