Garment manufacturer, based in India, Monte Carlo Fashions and Czech automobile company Skoda Auto have signed a pact after which the latter is permitted to use Monte Carlo brand name for its cars.
“We’ve agreed to give Skoda a licence to use our brand name to market and sell their ‘Monte Carlo’ edition of cars. This is a win-win solution for both the companies,” reportedly said Rishabh Oswal, Executive Director, Monte Carlo Fashions Ltd.
As per the contract, the automobile company now has the licence from Monte Carlo Fashions to use the ‘Monte Carlo’ trademark for its cars, spare parts and car accessories for packaging material, marketing, promotions and advertising.
It is pertinent to mention here that Monte Carlo Fashions, famous for its sweaters, had moved to Delhi Court against Skoda for trademark violation after the latter introduced the ‘Monte Carlo’ edition of its Rapid sedan in August 2017.
It has been a year since the Delhi Court admitted Monte Carlo’s petition. However, both parties decided to resolve the clash cordially.
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