Business Companies 28 Feb 2020 TATA Motors accused ...

TATA Motors accused of anti trust violations

REUTERS
Published Feb 28, 2020, 4:10 pm IST
Updated Feb 28, 2020, 4:34 pm IST
Tata Motors face accusations of abusing their market position while selling commercial vehicles
Representational image ( ANI photo)
 Representational image ( ANI photo)

The Competition Commission of India (CCI) is reviewing a complaint which alleges the country’s biggest seller of trucks dictated terms around the quantity and type of vehicles to its former dealer in northern India - Varanasi Auto Sales - should stock.

The Tata Group has faced antitrust reviews in the past. A CCI investigation last year found units of Tata Steel and other firms colluded on prices of bearings. A final ruling on that case is pending.

 

The CCI has powers to impose a penalty of up to 10% of the relevant turnover of a company in the last three financial years if it is found to have abused a dominant position.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT