India: CCI says it will not enforce penalty on Hyundai for now

The Competition Commission of India (CCI) has today submitted to the Madras High Court that it would not enforce the penalty of Rs 420 crore it has imposed on Hyundai Motor India Ltd (HMIL), for anti-competitive practices in the sale of its spare parts through authorised dealers alone, as the Court has earlier asked the competition watchdog not to issue final order.

HMIL has earlier filed a petition seeking the Court to stay the CCI’s order, as it is against the Court’s direction in April 13, 2015, to continue the enquiry and the final orders shall not be passed.

When the matter was taken up for hearing today, G Rajagopalan, additional solicitor genral of India, submitted that there was a miscommunication, which resulted in CCI pronouncing the order even though the Court has asked it not to pass final order. He added that the authority will not enforce its order till the final order is passed by the Court on the matter.

Full content: The Hindu Business Line

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