The Competition Commission of India fines 14 automobile manufacturers for implementing anticompetitive and unilateral practices on the automobile spare parts and repair market (Shamsher Kataria / Honda Siel)

In the month of August, China fined 12 Japanese auto parts makers a total of over US$200 million for price fixing, the maximum amount imposed for violating the anti-monopoly law thus far. The National Development and Reform Commission (NDRC) stated that the companies were found to have implemented monopoly price agreements for more than 10 years. The companies unlawfully affected prices of auto parts, finished vehicles and bearings in China and harmed the interests of downstream manufacturers and consumers. The companies included Sumitomo Electric, Denso, Asian, Mitsubishi Electric, Mitsuba, Yazaki, Furukawa Electric, NSK, JTEKT, NTN, Hitachi Auto Parts and Nachi. Soon after this, in a similar case hitting the automobile industry, on August 25th, the Competition Commission of India

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  • Jindal Global University (Sonipat)

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Natasha Nayak, The Competition Commission of India fines 14 automobile manufacturers for implementing anticompetitive and unilateral practices on the automobile spare parts and repair market (Shamsher Kataria / Honda Siel), 25 August 2014, e-Competitions Intellectual property, Art. N° 69297

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