Patent row hits TVS shares badly

MUMBAI: Shares of TVS Motors were under pressure Monday after the Madras High Court restrained the company from launching 125-cc Flame motorcycle with the twin spark plug engine technology. TVS Motors��� 125 cc bike Flame was launched on December 13 in Chennai. But the bike faced problems over the ���twin spark technology��� patent infringement row with Bajaj Auto. Bookings for the bike were stalled from January 18 onwards after a Supreme Court order.

At 10:54 am, the stock was at Rs 38.95, down 2.75 per cent on volume of 1,66,259 shares. It touched a high of Rs 40 and low of Rs 38.10 in trade so far. The stock has lost 36.07 per cent in the past one month.