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Daikin's dominance in India's AC market sees CCI dismiss allegations of abuse against LG Electronics

By Freny Patel ( June 23, 2023, 06:36 GMT | Insight) -- Daikin's dominance in India's air conditioner market has resulted in the country's antitrust watchdog dismissing allegations made by a manufacturer of hybrid solar panels that South Korean electronics major LG Electronics abused its dominant position. In her first  adjudication since taking charge of the Competition Commission of India, Chair Ravneet Kaur closed the case against LG Electronics, stating that in the absence of dominance, there can be no case of contravention of the 2002 Competition Act against LG.Daikin's dominance in India's air conditioner market has resulted in the country's antitrust watchdog dismissing allegations that South Korean electronics major LG Electronics abused its dominant position....

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