November 22, 2023: Exide Industries said on November 17 it welcomed a court ruling ending a longstanding legal battle over its use of the Chloride trademark.
Exide said in a financial filing that the Delhi high court decree of November 10 formally concluded legal action dating back to 2006 between the battery maker, the Vertiv Company Group Limited UK (formerly known as Chloride Group Ltd) and Vertiv Energy Pvt Ltd India (formerly known as DB Power Electronics Pvt).
Exide said the companies involved in the dispute had agreed to withdraw all claims to the Chloride trademark.
The battery manufacturer did not disclose when the agreement was reached but indicated there had been no financial settlement.
Exide said the dispute had not hit its business because it had continued to use the Chloride trademark for its UPS products throughout the litigation period, thanks to an earlier ex-parte injunction granted in its favour by the Delhi high court.
In August, Exide subsidiary Chloride Metals launched commercial production of its fourth lead battery recycling plant in India.
The plant — built on a greenfield site spanning more than 15 acres on the Supa-Parner Industrial Park in Maharashtra — has an initial 96,000 million tonnes per annum capacity rising to 120,000 mtpa.