Translated material
India after China fined 14 car concerns
Indian antimonopoly
Regulator - a competition for competition for cases of competition - fined 14
automotive concerns for a total of 25.4 billion Indian
Rupia ($ 420 million) for unfair competition in the market of spare parts. According to Bloomberg , India followed in the footsteps of China,
Recently also strengthened supervision of this industry.
Fines are equivalent to 2% of the average revenue of automakers on
Indian market in three years. Thus, the largest payments
The largest Auto -Concert of India - Tata Motors Ltd. (13.5 billion
Rupy). The most among foreign brands will pay Indian
Unit of the Japanese group Honda Motor Co. - 784 million rupees, reports Interfax .
In addition, local Hindustan was included in the number of punished companies
Motors Ltd., Mahindra & Mahindra Ltd., Maruti Suzuki India Ltd., and also
Representative Office Volkswagen AG (separately - Skoda), Fiat, BMW, Ford
Motor Co, General Motors Co., Mercedes-Benz, Nissan Motor Co., Toyota
Motor Corp.
The regulator demanded from the supply companies of spare parts and
instruments for diagnosing an independent car repair shop on
equal conditions, as well as compliance with the conditions of guarantees for cars,
repaired in such workshops. Previously, allowances compared to
prices for their own service of car concerns ranged from 19.9% to
4817%.
Promotions of Indian automakers fell into tenders in Mumbai in
Tuesday: Tata Motors lost 2.4%, Maruti - 1.1%.
Recall that last week, the National Commission of China on Development and Reforms (NDRC), following the results of the antimonopoly investigation, issued large fines (a total of $ 202 million) for a dozen Japanese manufacturers and suppliers of auto parts, accusing them of fixing prices. The largest fines were received by Sumitomo Electric and Mitsubishi Electric.