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African Regulator Deepens Toyota Price Fixing Probe

By  |  February 21, 2023

The Common Market for Eastern and Southern Africa Competition Commission has stepped up its probe on a Kenyan-based unit of Japanese multinational Toyota Group for price hikes.  

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    COMESA raised concerns that Toyota Tsusho Corporation “may be prohibiting out-of-territory passive sales to the detriment of consumers and may also be maintaining high prices of brand-new vehicles and spare parts in the Comesa Region.”

    Read more: South Africa: Toyota cartel makes market ‘uncompetitive’ says regulator

    “The investigations are ongoing and Toyota Tsusho Corporation has thus far cooperated very well with the CCC,” said the CCC chief executive Willard Mwemba in a statement last week.

    “The CCC would like to encourage interested stakeholders and members of the general public, who may still want to submit any information related to the investigation to do so to inform the ongoing investigations.”