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India Fines 14 Carmakers for Anti-Competitive Behavior
India has fined 14 domestic and foreign carmakers a combined 25.5 billion rupees ($422 million) for failing to make original-equipment repair parts available on the open market, the Financial Times reports.
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India has fined 14 domestic and foreign carmakers a combined 25.5 billion rupees ($422 million) for failing to make original-equipment repair parts available on the open market, the Financial Times reports.
Among those fined are BMW, General Motors, Maruti Suzuki, Mercedes-Benz and Tata Motors.
The country's Competition Commission says the companies "restricted the expansion of spare parts and independent repairers segment of the economy."
The commission adds that India lacks a legislative and regulatory framework governing the safety of the replacement parts and after-sale service industry
The FT notes that India's regulatory agencies have been stepping up their anti-corruption and anti-competitive activities lately. The fines echo similar penalties announced last week by Chinese government agencies against 10 auto parts supplies charged with conspiring to fix prices on repair parts.