The Competition Commission of India fined the local unit of Hyundai Motor $65.8 million on Tuesday after an investigation found it had engaged in anti-competitive practices.
The competition watchdog also found carmakers Mahindra Reva Electric Car Company, part of Mahindra & Mahindra, and Premier Ltd in violation of competitive practices but did not impose a fine on the companies, the CCI said in a statement.
The order is a continuation of a $420 million penalty it imposed in August last year on more than a dozen global and local carmakers. They include the local units of Toyota Motor and Volkswagen and local carmakers Tata Motors Ltd and Maruti Suzuki India. An investigation found that they too had engaged in anti-competitive practices.
The CCI said in a statement its inquiry showed Hyundai, Reva and Premier were restricting access to spare parts and diagnostic tools in the aftermarket, which in turn made servicing and repairing cars more expensive for consumers.
“The car companies were found to be indulging in practices resulting in denial of market access to independent repairers as the latter were debilitated to provide services in the aftermarket for repair and maintenance of cars for want of genuine spare parts,” the CCI statement said.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI