The corporate has initiated the method to switch the logo to SG Corporate Mobility Ltd
Hindustan Motors will ship the ‘Contessa’ emblem to SG Corporate Mobility Ltd.
It was once only a few weeks again when Hindustan Motors trademarked the Contessa identify elevating hypothesis that the automobile may well be revived as an EV from the corporate. Now as consistent with a regulatory submitting, Hindustan Motors has published that it’ll be promoting the logo to SG Corporate Mobility. The two firms accomplished the logo switch settlement on June 16, 2022 which incorporated the emblems having software numbers in conjunction with sure different rights to the logo.
In a regulatory submitting with the Bombay Stock Exchange, the previous carmaker stated, “Hindustan Motors Limited has accomplished a Brand Transfer Agreement with S.G. Corporate Mobility Private Limited on sixteenth June, 2022 for the switch of the Contessa Brand (together with the emblems having software quantity 5372807) and sure comparable rights (“Contessa Brand”). The switch of the Contessa Brand will probably be efficient upon fulfilment of the phrases & stipulations as prescribed within the stated Agreement.”
The Contessa was once Hindustan Motor’s extra upmarket choice to the Ambassador on the flip of the final century. The sedan was once presented the within the 1980 and was once introduced the entire method to the early 2000s when expanding festival and advances in generation from more moderen carmakers noticed the logo kill off the type. Hindustan Motors itself hasn’t produced a automotive in India since 2014 when it in spite of everything pulled the plug at the iconic Ambassador after promoting the type for over 5 many years.
Years later in 2017, French car massive PSA Group (Peugeot-Citroen), now a part of Stellantis, got the rights to the Ambassador identify from HM in a ₹ 80 crore deal. It nonetheless is still noticed how the Contessa identify will now be put to make use of.
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