India probing anti-competitive practices by car makers

10 Aug, 2012

India's newly muscular competition commission is investigating anti-competitive practices by car makers, the government said on Thursday, without naming the companies in question. The Competition Commission of India (CCI) had received information against some car makers, junior minister for corporate affairs R.P.N. Singh told parliament in a written reply. He did not say what the complaints were.
"Yes, we are investigating but we cannot reveal details at this stage," the commission's chairman Ashok Chawla told Reuters on Thursday. A spokesman for Maruti Suzuki, India's largest carmaker, declined to comment on the statement, while spokespersons for Mahindra & Mahindra and Hyundai's Indian unit, also declined to comment when contacted by Reuters.

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