Chennai High Court Dismisses Petition Against CCI

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The Chennai High Court has dismissed the petition the carmakers have filed against the Competition Commission of India (CCI).

The CCI had fined automakers a few months ago for controlling and having a monopoly in automotive spares supply. So, the automakers filed a petition in the court.

The Chennai High Court dismissed three petitions, two of Hyundai's and one of BMW.

Hyundai's seeked the court as it went against the CCI, for giving its Director General the power to conduct an investigation and, against the DG's subsequent notice to Hyundai to furnish documents of auto-parts sale.

The CCI carried out an investigation on Honda, Volkswagen, Fiat, BMW, Ford, GM, Hindustan Motors, Mahindra, Maruti Suzuki, Mercedes-Benz, Nissan Motor, Skoda Auto, Toyota Kirloskar, and Tata Motors.

Of the raided companies, Tata Motors was imposed with the biggest fine of INR 1,346 crore and all the companies combined, the fine amount accounted to INR 2,500 crore.

Maruti Suzuki, who was fined INR 471 crore in the order, had obtained a stay on its penalty from the Delhi High Court.

Now, among the 14 carmakers who have been penalised and obtained injunctions on the basis of the pending case, will have to face the penalty after the High Court dismissed petitions.

Read more on: #four wheeler #auto news
Story first published: Friday, February 6, 2015, 11:22 [IST]
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