TAFE locked in legal battle with US' AGCO Corporation over use of tractor brand Massey Ferguson in India
TAFE) is locked in a legal battle with US agricultural machinery manufacturer AGCO Corporation regarding the use of tractor brand Massey Ferguson in India.
On Monday, NYSE-listed AGCO ‘terminated’ several agreements with TAFE, including the licence agreement of the Massey Ferguson brand in the Indian subcontinent despite a stay order from the Madras High Court, prompting the Indian company to file a contempt of court petition against the former.
The latest development follows more than six decades of a commercial relationship between the two companies that has since turned sour.
“AGCO’s global brand website has historically made no mention of the Massey Ferguson brand in the context of India, Nepal and Bhutan having ceded the entire territory to TAFE since the takeover of Massey Ferguson India in 1960,” TAFE said in a statement.
AGCO, for its part, has blamed “inappropriate and unauthorised actions” by its partner as the reason for terminating the agreements.
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