Elon Musk’s Tesla takes on Indian startup over trademark infringement
Tesla Inc. is a US-based company founded in 2003 by Elon Musk and is considered a pioneer in the electric vehicle industry.
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Over the past decade, Tesla has emerged as a market leader with popular electric car models like the Model S, Model X and Model 3.
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The company currently has a market capitalization of over $800 billion and is among the most valuable automakers in the world.
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While the company does not currently manufacture any vehicles, it had announced plans to enter the Indian electric vehicle market.
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Tesla Inc. holds trademark registrations for the wordmark “
TESLA
” in numerous countries and classes, including India.
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However, Tesla Power India was using an identical mark “TESLA” for its business and had issued advertisements claiming that it would enter the Indian EV market.
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