tech2 news staffAugust 23, 2021 20:19:26 IST
Maruti Suzuki, India’s largest car maker, has been slapped by the Competition Commission of India (CCI) with a fine of Rs 200. In a press release issued on August 23, CCI announced that it is imposing this fine on the country’s largest automaker to indulge in unfair business practices.
Maruti Suzuki has been fined for “indulging in the anti-competitive behavior of Resale Price Maintenance (RPM) in the passenger car segment by implementing a discount management policy for dealers,” regulators said.
According to a CCI statement, Maruti Suzuki has signed a contract with dealers, who are restricted from offering customers discounts beyond those specified by MSIL. In other words, MSIL has a “discount management policy” for dealers that discourages dealers from offering additional discounts, giveaways, etc. to consumers beyond what MSIL allows. Was there. Pre-approval of MSIL was mandatory if the…