"All I can say is we are confident of what we are doing. We are the most tax savvy company," TVS chairman and managing director Venu Srinivasan told reporters on the sidelines of the SIAM annual convention here.
He, however, declined to comment on the company's future course of action saying, "We are taking the advise of our counsel."
Bajaj Auto managing director Rajiv Bajaj said the company would wait for TVS' Flame to be out in the market to decide on the future course of action regarding the patent infringement suit.
"We have no overwhelming desire or fondness to go to the court," Bajaj said.