Monte Carlo has entered into the agreement with Skoda under which Monte Carlo has given a License to Skoda to use its Trademark. The Agreement marks the end to the disputes that arose after the Skoda India has launched the Monte Carlo edition to its a mid-size sedan in August 2017. The two disputes have settled the disputes amicably.
The agreement between two parties comes a year after a Delhi court has admitted the Trademark Violation Plea of Trademark Monte Carlo which is owned by Monte Carlo Fashion Ltd. The dispute has come to an end by providing the license to Skoda.