India orders antitrust penalties on 14 carmakers with INR 25.45 billion [ India ]
The Competition Commission of India announced on August 25 that it has imposed a combined penalty of INR 25.45 billion (USD 420 million) on 14 carmakers for unfair practices that prevent fair competition in the spare parts market. The CCI announced the decision, spelt out in a 215-page order, dated on August 25. It found that carmakers were able to charge high prices by providing spare pa...
<Aug 28, 2014>