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India: Nearly all accused carmakers expected to challenge CCI

By  |  October 23, 2014

Reports say nearly all of the 14 carmakers accused of anticompetitive conduct are likely to challenge the Competition Commission of India’s claims.

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    The CCI launched a widespread investigation into the auto-making industry following a complaint filed in 2011 against Honda, Volkswagen and Fiat. The complaint accused the firms of abusing their market dominance by limiting the availability of spare parts on the open market.

    The CCI eventuallyexpanded its investigation to all car manufacturers in the nation listed by the Society of Indian Automobile Manufacturers, which includes 14 companies. The firms were given a two-month deadline to respond to CCI charges of anticompetitive conduct, a timeline that expires on Saturday, say reports.

    Authorities fined all 14 companies investigated, but reports say nearly all are expected to challenge the order and the sanctions, and file an appeal.

    Full content: Economic Times of India

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