CCI probing carmakers for anti-competitive practices

The Competition Commission of India (CCI) has initiated investigation into anti-competitive practices indulged by a section of carmakers.

The CCI has received certain information against some carmakers, minister of state for corporate affairs RPN Singh told parliament in a written reply.

He did not say what the complaints were but only said the complaints are under section 19 (1) (a) of the Competition Act, 2002.

CCI, which is a quasi-judicial body, is getting the matter investigated for appropriate action in the matter as per provision of the Competition Act, 2002.

Meanwhile, a report in the Economic Times today cited unnamed sources as saying that the CCI was looking into a practice whereby automakers do not allow dealers to sell other brands.

The CCI had in the past two months handed 12 of the country's biggest cement companies record fines of more than Rs6,000 crore for price fixing.