Rahul Bajaj, the head of Bajaj Auto has filed a special petition in the Supreme Court challening the Firodias for chaning Bajaj Tempo's name to Force Motors.
Apparently, Bajaj Auto holds a 24% stake whereas Firodias only has a 10% stake in Force Motors (makes bigger people and cargo movers).
"Tempo" is the brand name of DaimlerChrysler (makers of Mercedes) and after exiting the JV between Bajaj and themselves last year, they sold their stake to Firodias.
PS: Firodias and Bajaj have been bitter rivals for a long time!!
Apparently, Bajaj Auto holds a 24% stake whereas Firodias only has a 10% stake in Force Motors (makes bigger people and cargo movers).
"Tempo" is the brand name of DaimlerChrysler (makers of Mercedes) and after exiting the JV between Bajaj and themselves last year, they sold their stake to Firodias.
PS: Firodias and Bajaj have been bitter rivals for a long time!!
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