Indian automobile manufacturer Mahindra, is to challenge the the Competition Commission of India (CCI) against the fine imposed to them for violating rules.
The CCI had earlier this week fined 14 auto manufacturers in India for monopoly of spares and aftermarket service of vehicles.
CCI had totally fined an amount of INR 2,545 crore for 14 car makers and Mahindra alone was fined INR 292.25 crore.
Mahindra, as per the competition act 2002, which states that orders passed by the Competition Commission of India can be challenged before the COMPAT (Competition Appellate Tribunal) within 60 days, is set to challenge CCI.
The Commission found out that these companies fined were the most dominant in the after markets for their respective brands. CCI claims the companies abused their position, which affected around two crore car consumers in India.
The companies which were fined by CCI were Maruti Suzuki, Tata Motors, Honda, Volkswagen, Fiat, BMW, Ford, General Motors, Hindustan Motors, Mercedes-Benz, Nissan Motor, Skoda Auto and Toyota Kirloskar.
Among these companies, Tata Motors was affected the most, with a fine amount of INR 1,346.46 crore, followed by Maruti with INR 471.14 crore and then Mahindra who were fined INR 292.25 crore.
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