CCI imposes Rs 200 cr penalty on Maruti Suzuki over dealer discount policy

India’s antitrust regulator has fined Maruti Suzuki, the country’s major carmaker, Rs two hundred crore for anti-competitive procedures relevant to how it pressured sellers to discounted autos, the watchdog said in an buy on Monday, Reuters documented.

The Level of competition Fee of India (CCI) in 2019 began hunting into allegations that Maruti forces its sellers to restrict the discount rates they provide, correctly stifling level of competition among them and harming individuals who could have benefited from reduce prices if sellers operated freely, Reuters had documented.

In an buy issued immediately after an investigation, the CCI questioned Maruti to “cease and desist” from indulging in this sort of procedures and questioned the organization to deposit the good inside sixty days.

Maruti, the vast majority-owned by Japan’s Suzuki Motor Corp, did not instantly react to a request for remark.

In June, Maruti Suzuki has declared a price tag hike for its overall lineup to occur into outcome in the third quarter of 2021 (July-September).

The carmaker has quoted the improve in a variety of enter prices above the previous year, as the cause for the price tag hike. This is Maruti’s third price tag hike professional in 2021, following the hikes in January in which it was enhanced by upto Rs 34,000, and by one to 6 per cent in April.

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