Exclusive: India watchdog probes allegations of anti-competitive conduct by Maruti - sources [Reuters]
SUZUKI MOTOR CO UNSP/ADR (SZKMY)
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Source: Reuters
Exclusive: India watchdog probes allegations of anti-competitive conduct by Maruti - sources NEW DELHI (Reuters) - India’s antitrust regulator is looking into allegations that Maruti Suzuki, the country’s biggest car maker, resorted to anti-competitive practices by controlling how its dealers discounted cars, three people aware of the matter said. Maruti, majority-owned by Japan’s Suzuki Motor Corp, is a household name in India where it commands a 51 percent market share. It sold 1.73 million passenger vehicles in the year to March and has nearly 3,000 dealers in the country. The Competition Commission of India (CCI) is looking into allegations that Maruti forces its dealers to limit the discounts they offer, effectively stifling competition among them and harming consumers who could have benefited from lower prices if dealers operated freely, the people told Reuters. It was not clear over which period Maruti allegedly engaged in this conduct, but one of the people with direct knowled
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