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Indian auto manufacturer Maruti Suzuki fined $27 million for anticompetitive conduct

By Freny Patel ( August 24, 2021, 09:03 GMT | Insight) -- Indian carmaker Maruti Suzuki has been fined 2 billion rupees ($27 million) for controlling discounts offered by its dealers and facilitating the anticompetitive conduct of resale price maintenance in the passenger vehicle segment. The Competition Commission of India said because of Maruti's 50 percent market share, the conduct had stifled competition and harmed consumers who could have benefitted from lower prices had dealers been allowed to freely price cars. Indian carmaker Maruti Suzuki has been fined 2 billion rupees ($27 million) for controlling discounts offered by its dealers and facilitating the anticompetitive conduct of resale price maintenance in the passenger vehicle segment....

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