In the first major order against the auto sector, the Competition Commission of India (CCI) on Monday slapped a penalty of Rs. 2,545 crore on 14 carmakers, including Maruti Suzuki and Tata Motors, for violating trade norms in the spare parts market.
Honda Siel Cars India, Volkswagen India, Fiat India Automobiles, BMW India, Ford India, General Motors India, Hindustan Motors, Mahindra & Mahindra, Mercedes-Benz India, Nissan Motor India, Skoda Auto India and Toyota Kirloskar Motor have also been penalised.
According to the regulator, having a monopolistic control over the spare parts and diagnostic tools of their respective brands, the car companies charged arbitrary and high prices for their spare parts.
"The car companies were also found to be using their dominant position in the market for spare parts and diagnostic tools to protect their market for repair services, thereby distorting fair competition," it said.
Maruti, Tata Motors, 12 Others Fined Rs 2,545 Crore by Fair Trade Regulator - NDTVProfit.com
Maybe the two wheeler guys will pick up a point or two from this :)
Honda Siel Cars India, Volkswagen India, Fiat India Automobiles, BMW India, Ford India, General Motors India, Hindustan Motors, Mahindra & Mahindra, Mercedes-Benz India, Nissan Motor India, Skoda Auto India and Toyota Kirloskar Motor have also been penalised.
According to the regulator, having a monopolistic control over the spare parts and diagnostic tools of their respective brands, the car companies charged arbitrary and high prices for their spare parts.
"The car companies were also found to be using their dominant position in the market for spare parts and diagnostic tools to protect their market for repair services, thereby distorting fair competition," it said.
Maruti, Tata Motors, 12 Others Fined Rs 2,545 Crore by Fair Trade Regulator - NDTVProfit.com
Maybe the two wheeler guys will pick up a point or two from this :)