Tuesday, August 26, 2014

Competition Commission of India Imposes Penalty of Rs. 2544.64 crores on 14 Car Companies

Print Release: "the conduct of the Car Companies was in violation of the provisions of section 3(4) of the Act with respect to its agreements with local Original Equipment Suppliers (OESs) and agreements with authorized dealers whereby it imposed absolute restrictive covenants and completely foreclosed the aftermarket for supply of spare parts and other diagnostic tools. Further the Commission found that the said companies, who were found to be dominance in the aftermarkets for their respective brands, abused their dominant position under section 4 of the Act and affected around 2 crore car consumers."



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