Thursday, January 28, 2021
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Featured

CCI Penalizes Hyundai India for Anti-Competitive Practices

by indiandrives
in Featured, Hyundai
0 0
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Accusing the automaker of restricting the distribution and sale of its spares in open market, Competition Commission of India has imposed a fine of Rs.420.26 crores on Hyundai Motors India Ltd. 14 other automakers, including the likes of Honda Siel, BMW, Volkswagen, Ford, General Motors, Skoda, Tata etc. were fined on this same charge with an amount totaling Rs.2544.65 crores.

Hyundai India Penalised

Two other automakers, Reva and Premier, have been let off with warning for indulging in “any competitive practices”. But both these companies will have to follow all the directions that were issued to 15 other companies that were fined.

The main point of contention was the fact that these companies had restricted warranty on many of the spare parts to the fact that customers had to repair and service their cars on the company’s own network of dealers. If the customers went to any third party, to repair spares then the warranty became void. This resulted in the companies selling original spares only to their authorized dealers, which the CCI believed was against the principle of market competition.

 

Tags: CCI Penalizes Hyundai IndiaHyundai India
Previous Post

Camouflaged Maruti Suzuki YRA Spotted in Shimla

Next Post

Volkswagen Beats Toyota and General Motors in the First Half of 2015

Next Post

Volkswagen Beats Toyota and General Motors in the First Half of 2015

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Archives

Recent Posts

  • Honda Grazia 125 Sports Edition Launched In India: Prices Start At Rs 82,564
  • Top 10 Best Selling SUVs In The Month Of December 2020 In India
  • Latest News From Indian Automobile Industry – Honda, Mercedes, Royal Enfield, Kawasaki, Aston Martin
  • Best Selling Compact SUVs In The Month Of December 2020 In India
  • Aston Martin DBX SUV Launched In India: Prices Start At Rs 3.82 Crore

Categories

Indiandrives.com

© 2020 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • KTM
  • Volkswagen
  • Isuzu
  • Volvo
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2020 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In