Just In
- 55 min ago Marelli Develops Revolutionary Automotive Lighting Platform In China
- 1 hr ago Honda Motorcycle & Scooter India Reaches 6 Crore Sales Milestone
- 2 hrs ago Kia EV9 Crowned World Car Of The Year At 2024 Awards, Showcasing EV Dominance
- 4 hrs ago Suzuki V Storm 800 DE India Launch On March 29 – All Details Here Including Specs
Don't Miss!
- Sports RR vs DC IPL 2024, Live Cricket Score Updates & Latest News: Rajasthan Royals Face Delhi Capitals at Sawai Mansingh Stadium, Jaipur; Match Starts At 7:30 PM
- Finance Gold Prices In US: Yellow Metal Rates Stabilize Amid Fed Rate Cut Speculations; Macro Data Awaited
- Technology HONOR Pad 9 With Bluetooth Keyboard Up For Grabs At Rs 22,499 in India
- News Good Friday 2024: Date, History, Significance, And Everything You Need To Know
- Movies Is Parineeti Chopra Pregnant? Actress Reveals Truth Amid Constant Pregnancy Rumours
- Education RSMSSB Junior Instructor Recruitment 2024; Apply online for 2500 Posts, Check out for more details
- Lifestyle Aditi Rao Hydari Marries Siddharth, Exploring Heeramandi Star's Ethnic Style Statements, Bookmark Now!
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Maruti To Challenge CCI Too
Indian car manufacturer Maruti Suzuki too is ready to challenge the Competition Commission Of India (CCI) against the fine imposed to them along with 14 other car makers.
The CCI had earlier imposed a fine against 14 car manufacturers for violating trade norms, which overall accounted to INR 2,545 crore.
Also Read: CCI Fines 14 Car Manufacturers
CCI had found that auto manufacturers had violated competition norms in regards to its agreements with local Original Equipment Suppliers (OESs) and with authorised dealers.
Maruti Suzuki alone was fined an amount of INR 471.14 crore.
The Competition Act in 2002, states that the orders passed by the Competition Commission of India (CCI) can be challenged before the COMPAT (Competition Appellate Tribunal) within a time period of 60 days.
RC Bhargava, Chairman of Maruti Suzuki India says that CCI have not understood the entire issue of spare parts of cars. What they say can be applicable to other industries but not in the automotive industry. He says that the nature of the automobile industry is totally different.
The Chairman says that the move by CCI will affect safety of the passengers because CCI's move will result in lowering the price of spare parts.
After Mahindra and Tata motors, Maruti will join the league as well to challenge CCI.
DON'T MISS: VIDEO OF THE DAY