CCI fines Maruti Suzuki Rs 200 crore, find out why?

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New Delhi, 23 August 2021 Monday

The country's largest carmaker Maruti Suzuki has been fined Rs 200 crore by the Competition Commission of India (CCI) for allegedly violating competition rules.

The company decided to discount cars by putting pressure on dealers, and in the year 2019, the CCI launched an investigation against the company alleging discounts on cars.

The report said that due to the pressure of discounts on Maruti's dealers, dealers were betting on sales, which hurt customers, as the price of cars could have been lower if the dealer had set the price and discounts on his own without any pressure.

The CCI has asked the company to refrain from such activities. The CCI has instructed the company to deposit Rs 200 crore within 60 days.

CCI found that MSIL had entered into an agreement with its dealers under which the dealers were barred from giving more discounts to the customers than the company had fixed, meaning that the dealers were bound to adhere to the same rates as those fixed by Maruti Suzuki. And this policy of the company caused the customers to pay more to buy the car so that the customers were harmed.

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