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CCI slaps Hyundai with fine of Rs 420.26 cr for restricting open sale of spare parts

Jul 28, 2015    

New Delhi: Coming down hard on carmakers found to be restricting sale of spare parts in open market, fair trade regulator CCI on Tuesdayimposed a penalty of Rs 420.26 crore on Hyundai Motor India and asked two others -- Reva and Premier -- to 'cease and desist' from anti-competitive practices.This follows penalties totaling Rs 2,544.64 crore imposed on 14 other car makers in August last year in the same case. Those companies included Honda Siel, Fiat, Volkswagen, BMW, Ford, General Motors, Hindustan Motors, M&M, Maruti Suzuki, Mercedes-Benz, Nissan Motors, Skoda, Tata Motors and Toyota...

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