Live
- PM Modi Slams SP-Congress Alliance, Alleges Politics Of Appeasement
- BJP Utilizes Manmohan Singh's Remark To Counter Congress's Manifesto Claims
- Former MP Manda Jagannatham out of the election ring.. EC who rejected the nomination
- Collaboration with multiple agencies helping us rein in illicit trade: Mizoram DGP
- Summer Essentials: Beat the Heat in Style
- Spectacular getaways to visit this Summer
- SP Gaikwad Vaibhav Raghunath returned the lost cell phone to the 52 victims
- Polling booth vandalized in Chamarajanagar
- We will implement UCC in entire country, it is 'Modi ki Guarantee': Amit Shah
- Outer Manipur: Over 54 pc turnout recorded till 1 p.m. in 8 districts
CCI slaps Rs 200-crore fine on Maruti Suzuki
For the year, 2021, Maruti Recorded top Position Among the Indian Carmakers
Asks the company to cease and desist from indulging in anti-competitive practices
New Delhi: Competition Commission of India (CCI) on Monday imposed a penalty of Rs 200 crore on Maruti Suzuki for restricting discounts offered by its dealers and directed the country's largest car maker to cease and desist from indulging in unfair business practices.
Passing an order, the fair trade regulator also flagged practices like appointing 'Mystery Shopping Agencies' and preparing 'Mystery Audit Reports' as part of enforcing the company's discount control policy. The watchdog slapped the fine of Rs 200 crore as it found that Maruti Suzuki India Ltd (MSIL) indulged in anti-competitive conduct of Resale Price Maintenance (RPM) in the passenger vehicle segment by way of implementing discount control policy vis-a-vis dealers, an official release said on Monday. MSIL had an agreement with its dealers whereby the dealers were restrained from offering discounts to the customers beyond those prescribed by it. In other words, the company had a discount control policy and dealers who wanted to offer additional discounts were required to compulsorily seek the company's prior approval, as per the regulator.
According to the CCI, any dealer found violating the policy was threatened with imposition of penalty, not only upon the dealership but also upon its individual persons, including direct sales executive, regional manager and showroom manager.
