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.
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.
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