Spark Minda CEO Neeraj Sharan warns Customers to Beware of Counterfeit Products

New Delhi (India), February 9: After a Delhi Police raid on January 25 seized counterfeit Spark Minda products worth Rs. 10 lakh from a basement in the North-West Delhi’s Bhorgarh Industrial Area, the Minda Corporation has enhanced its vigil against infringement of its brand value. In this regard, the company officials are in regular touch with the authorities, including the police, to ensure that such nefarious practices are curbed in time and the customers’ hard-earned money isn’t spent on counterfeit products.

The said raid was a part of Delhi Police’s anti-counterfeit operations and it was initiated on the directions of the Hon’ble Delhi High Court through a Court-appointed Local Commissioner. The seized products included huge quantities of lubricant oil, 10,000+ units of Spark Minda marketing collaterals, 3,500+ units of packaging material, and a Minda automatic batch-code machine. The products seized during the raid were manufactured under the brand names “Spark Minda” and “Minda.” The said premises have been sealed for now by the Delhi Police.

Speaking on the matter, Neeraj Sharan, CEO (Aftermarket Division), said, “Infringement is a serious concern across industries; there is a need to collectively address the issue of counterfeits. Through our sources, we came across such illicit activity and decided to take stringent action against companies engaged in malefic activities against the brand SPARK MINDA. It will be our endeavour to make sure all infringed products are eradicated from circulating in the market under our brand name.”

He urged the customers to beware of purchasing counterfeit products, which are available in the market today. Sharan said, “We are making every effort to ensure that the counterfeit products or infringed products do not reach the customers. Meanwhile, I would urge buyers of the Spark Minda products to ensure that they are purchasing from authorized dealers only.”

He also revealed that over past decades, Spark Minda, which has vowed to deliver the best quality products to its clients, has faced an onslaught from counterfeiters threatening to tarnish their brand value. However, the firm remains committed to protect its brand value and cooperating with the authorities in nabbing those indulging in such activities. The raid conducted in January was a part of Minda Corporation’s same commitment, said CEO Sharan.

Spark Minda, earlier known as Minda Group, is one of the leading manufacturers of automotive components for the OEMs in the world. The US $507 mn group employs 16,000+ people while catering to manufacturers of passenger vehicles, commercial vehicles, motorcycles, scooters, off-road vehicles, and Tier 1 manufacturers too. The company is present in India, Indonesia, Vietnam, Uzbekistan, US and Japan. Their 450 dealers-strong network makes Spark Minda an enviable entity and, thus, attractive to counterfeit manufacturers.

Business

Asian Granito Showcases Premium Tile, Marble, and Quartz Collection at iDAC Kolkata

Kolkata (West Bengal) [India], July 22:  Asian Granito India Limited (AGL), a leading brand in luxury surface products such as Tiles, Marbles, Quartz, and Bathware solutions has proudly showcased its premium offerings at the 45th edition of the iDAC Intelligence Series held at Raajkutir Rangmanch, Kolkata on 12 July. As an associate partner of the […]

Read More
Business

The Union Budget 2024-25: Key Expectations and Impact on the Mutual Funds Sector

New Delhi (India), July 22: The Union Budget for 2024-25, to be presented by Finance Minister Nirmala Sitharaman will outline the government’s financial plan to drive economic growth, enhance infrastructure, and promote social welfare. As always, the budget has significant implications for various sectors, including mutual funds. This article delves into the expectations of the […]

Read More
Business

KLM Axiva Finvest to Raise Up to Rs 15,000 Lakhs via NCDs

Kochi (Kerala) [India], July 20: KLM Axiva Finvest Ltd has announced the Company’s tenth public issue of secured redeemable non-convertible debentures with a face value of ₹Rs.1000. The base public issue size is ₹7,500 lakhs and the public issue limit will be with an option to retain over-subscription up to ₹7,500 lakhs, aggregating up to […]

Read More